Strictly speaking, no binding resolutions...

As far as the problem areas of the global economy, the current crisis has brought to light one issue, as I see it the main sore spot that was the root cause of all the other problems - the incompatibility of the existing global financial system with the real global economy. Many economists believe that the finance system has become virtual and detached from real economic processes, and the value of derivatives and other types of derivative securities have exceeded the real value of business assets and other material assets many times over. Many cite this as one aspect of the crisis, emphasizing that total debt is many times greater than the total U.S. mortgage defaults, which really marked the start of the crisis. Furthermore, the flow of capital around the world has become detached from national economies so much so that it has become impossible not only for corporations, but also entire nations, to determine to whom they owe money.

The belated attack on the banking community,

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