The new financial architecture for the international monetary system needs to be built on secure foundations. Above ground, towering monoliths cast long shadows. Anthony Rowley reports.
Like a high-rise building to which extra floors are constantly being added, the 'new architecture' for the international monetary system is becoming a towering monolith. It will cast a long shadow over this year's annual meetings of the IMF and the World Bank in Washington DC, eclipsing debate on other issues.