We only need one Bretton Woods II

By Aldo Caliari

Next Friday, leaders of several of the world's most powerful countries will gather at the White House to address the burgeoning global financial crisis. The November 15 summit and an accompanying series of smaller meetings will weigh the potential for reforms of the international financial system, leading the meetings to be dubbed a "Bretton Woods II", in reference to the New Hampshire conference held in 1944 that created today's main global financial institutions, the World Bank and the International Monetary Fund.