Dmitri Medvedev also wants a "new Bretton Woods"

Russian President Dmitri MedvedevParis - Leaders meeting in Washington on Saturday to deal with the financial crisis must build the basis of "a new Bretton Woods," Russian President Dmitri Medvedev said in an interview published Thursday in the French daily Le Figaro.

In reconstructing the world's economic system, as the 1944 Bretton Woods meeting did, heads of the world's leading industrial nations must establish "new international credit institutions, a new accounting system, a new risk insurance system," Medvedev said.

The Russian president said Moscow had already suggested the development of a risk alert system that all countries would set up on their own.

Medvedev said he had already shared his ideas with French President Nicolas Sarkozy, British Prime Minister Gordon Brown, German Chancellor Angela Merkel and Italian Prime Minister Silvio Berlusconi.

"We share the same vision about the origin of the crisis," he said. "We must find the solutions to stabilize and reform the system for the long term." (dpa)

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