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Originally Posted by paperhouse
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Elsewhere in the article it says that Sarkozy has suggested some kind of fixed exchange rates, but this further excerpt:
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"What I see is a system where we have more centers of gravity'' Nowotny said today in an interview with Austrian state broadcaster ORF-TV. "I see for the future a tri-polar development, and I don't think that there will be fixed exchange rates between these poles.''
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The meeting should aim to strengthen financial regulation, define bank capital ratios, and review the role of debt-rating agencies.
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