Monday, September 28, 2009

RRJ#3

Reference:
By Joe Lynam 28 March 2009. G20 'make or break', Soros says.From: http://news.bbc.co.uk/2/hi/business/7970199.stm

Summary:
In Joe Lynam's article "G20 'make or break', Soros says", the author tells us that the system of international financial is broken, and the system must be rebuiling because the old system has many flaws. Many people think that the G20 meeting is the last change to make the global economy better. The G20 meeting had to give some idears to help the developing world because the developing world had the worst hit. In the G20 meeting, people said that they must rebuild the new international financial system, because the old system has many flaws and can't be restored . This system was an aberration 25 years ago, so we must rebuild the foundations. People lost their confidence in investment besause the international financial system is broken, but we all know that it's hard to call back. In conclusion, rebuilding the new system of international finance is the most important thing.

Reaction:
From this article, I know that the international financial system is very important. But the old system of international finance is brokem because it has mant flaws. So, people had to rebuild the new system of international finance. I also know that the system of international finance must always be change. The reason the system has many flaws is that this system didn't change for 25 years. If we want to make the international finance better, we have to rebuild a new system of international finance.

Vocabulary:
collapsed-broken
flawed-have many problems
foundations-base
donated-give people many things free

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