Saturday, April 2, 2011

Italy Finance Minister: Crisis Galvanizing Europe, G-20 Obsolete

The global financial and economic crisis is galvanizing Europe into furthering the project of a political union and may trigger spreading unrest elsewhere in the world, Italian Economy Minister Giulio Tremonti said Saturday.
We are seeing a "colossal restructuring of the political architecture of Europe," Tremonti told central and commercial bankers, business leaders and politicians from around Europe at a conference in this northern Italian lakeside town.

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