There have been more calls for a new world financial order – this time at a meeting of centre-left governments in Chile. There was tight security for the Progressive Leaders’ Summit which heard demands that are becoming increasingly familiar – for fundamental change and a rejection of protectionism to turn around the global financial crisis.The host, Chile’s president Michelle Bachelet, said: “The crisis cannot be combated by pushing the people and the workers aside. It should be fought by putting the people first.” Britain’s Prime Minister Gordon Brown was there, on a world tour to drum up consensus at next week’s Group of 20 summit in London next week. He said: “We need new rules of the game for this global order. Markets without rules cannot work, a world without rules will not work. We’ve got to re-shape the rules that govern both markets and states for the future. But secondly, these rules have to be based around values.” US vice-President Joe Biden went with a message of reconciliation for Latin America. Relations became strained under George Bush’s administration. He told Argentina’s President Cristina Fernandez that Barack Obama is ready to discuss all sticking points.
Renewed calls for a fundamental financial shake-up