This is why they proposed a new reserve currency

President Sarkozy had called, in October last in Toulon, a "refounding" of capitalism. Is this the purpose of the Summit of the g-20

No, obviously not. First of all, it should be noted that the g-20 is an informal instance; If it had intended to make decisions, should bring together the Interim Committee of the international monetary Fund (IMF). On the merits, the question is not morality capitalism but balance it by law. Capitalism is what it is. Its function is to make a profit. It is therefore not the refounding but frame it by rules. But the problem is that in a globalised economy, the rule of law is not global. Or is accepted into a State of global or the disorder will continue to prevail, including tax havens. This is what happens if the G20 leaders refuse to accept that the current crisis is not one crisis like any other.

The g-20 but declared war on tax havens...

Everyone knows that major tax havens are in England and the United States, there where thrive trusts, a legal system that ensures a perfect seal between the owner of the money and the holder of the account. Or this person speaks. Same as laws extremely favourable, fiscal, Nevada or Delaware. The g-20 aims to wait until the end of the crisis without changing anything important. One could almost compare the Summit in London in a meeting of Alcoholics Anonymous in a wine bar...

What are the other subjects which will not be the object of reforms

What will not be done, is to act on the root causes of the crisis: nothing will be said about securitization 100 originally from the crisis of the "sub-prime" , "credit default swaps" (CDS), these instruments to manage the credit risk on the separation of banks and banks of investment, or the limitation of the effects of leverage, i.e. on the ability to go into debt. The anglo-saxon world saw it. There is not the establishment of a world financial organization.

However, the financiers of Wall Street and the City have no interest to undergo crises of such violence

They will accept a minimum of regulation. Step further. Seen with the Geithner plan, which repeat the mechanisms that led to the crisis by allowing funds to speculate with a high leverage. And then, is it normal that taxpayers lend to investors to expose these profits

He did there will be nor global stimulus plan coordinated at the global level

No, because there is a difference in design between the Americans and others. The first are ready to accept inflation, even if they say no, while the Germans deny it for historical reasons; the Chinese do not want more because they hold dollar assets and do not want to see them to devalue. This is why they proposed a new reserve currency. But they speak to London. There is no new Bretton Woods. Eventually, there will be a global single currency, a new governance with a better balance of power in the international financial institutions. But for the time being, the IMF remains an annex of the US Treasury.