Berlusconi Suggests World Market Suspension, Backtracks

Italy's Prime Minister said on Friday there was talk of suspending markets but later played down the idea that this was a serious policy suggestion.

Asked what European Union leaders might discuss if they meet in Paris this Sunday, Silvio Berlusconi told a news conference: "There is talk of suspending markets for the time needed to rewrite (international finance) rules."

After the press conference was over and reporters asked for more details, he replied: "No, no, no. It was a pure hypothesis like when you say: 'let's suspend Basel 2' or 'let's do another Bretton Woods'. It was a hypothesis that was never mooted by any leader, least of all me."

Berlusconi said European Union leaders would meet on Sunday in Paris to discuss the financial crisis and they could ask for an emergency Group of Eight summit. In Paris, French President Nicolas Sarkozy, who holds the rotating EU presidency, said he was considering calling such a meeting but had not yet decided.

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Comments

[ajax88]

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Thanks Craig

[RebelPatriot]

These crooks are going to rewrite the banking system to their advantage.

they are going to put in place the plans they've had on the shelf for several years/decades.

they have gamed this scenario over and over.

its all a scam.

[MagisterLudi]

Jörg Haider ist tot. Spitze!!!

[KCFreedom]

Italy's got a crook in charge, too.

Hopefully he speaks their language better than ours does our own.

Just goes to show, when it comes down to it, Italians probably don't have good choices in their elections, either.

[Hopalongpoppyseed]

Well, you could always throw your vote away on a 3rd party candidate.

[vaffanculo]

La marionetta di George W. Bush sta ancora parlando? BASTA!

Berlusconi, c'e una regola che non capisci e non capirai mai: Chi di mutui ferisce di mutui perisce!

[Damiel]

When are you people going to get it that your inept and selfish actions affect the world?

[hypnotoad72]

Italy or America?

And are you suggesting offshoring was a mistake?

[jesther]

Be careful, Berlusconi, you know well what happens when the heads of America's client states speak out of turn.

[Yermammy]

He told the truth the first time. The second retraction is BS. You better stock up on canned goods. it's coming.

[MilwaukeeMike]

He did indeed. It was, and is, an option.

[SocialistDistortion]

Berlusconi spelled backwards is Bush

[redsongia]

Criticize if you like, at least he has less power than our inept president.

[Tommygun264]

The 2st century "El Duce" rears his oil-slicked, shoe-polish blackened head to promote the move back toward global fascism.

[olephart]

I thought this guy had been put in jail.

[bubbles3660]

Too much espresso.

[AmandaBC]

Yeah, right, like the world wants to listen to yet another crooked bush-bot... Why isn't this guy in jail, where he belongs? Has the mafia threatened the judges?

[avalanch112]

Silvio Berlusconi is a crook.

[ROBOT8]

THE NEW WORLD ORDER IS RE- ALIGNING THE WORLD'S ECONOMY BY DESTROYING THE MIDDLE CLASS WORLD WIDE AND CREATE A TWO CLASS SYSTEM .......THE INVISIBLE WEALTHY AND THE WORKERS...................FAILING ECONOMIES TEND TOWARDS VIOLENCE AND HOSTILITY AND CORRUPTION include- suicide, road rage .......right to bear arms ........ border fences......media misinformation,we've betrayed our neighbors and blamed them for our problems......that border fence locks us in as well as locks us out.it is so affordable to live in mexico .........due to the lack of revenue going back to mexico via farmhands and laborers in the u.s. now they are forced to crime in mexico which may spread to the united states. and those americans who wish to live in mexico to save money will be in danger on both sides of the border................AMERICA IS NOT SAFER FOR THE BORDER FENCE AMERICA IS ON LOCK DOWN ......... statistically crime goes up as economy goes down .......a positive attitude is one thing ........ survival is another ,,,,,,,,be alert .......watch your back ............. most of all..........USE SOME COMMON SENSE!

[hypnotoad72]

Yet China and India have built up middle classes, with no end in sight... the US has been nation-building, but forgetting its own nation in the process.

[jlab]

Anyone I know who uses common sense doesn't discriminate AGAINST LOWER CASE LETTERS!