UN General Assembly
2009

market be more strictly regulated. In our view, we should also consider a global system of strategic commodity reserves in order to nip in the bud any speculative tendencies. Impartial specialized agencies, such as those of the United Nations, should also be empowered. Finally, the fight against speculation must also ultimately include the abolition of tax havens. Much has been done to eliminate existing havens, but we must also strengthen the monitoring role of the Organization for Security and Cooperation in Europe in order to fight attempts to create new ones. In a nutshell, those are the main outcomes of the L’Aquila summit. The crisis from which we are emerging makes it incumbent upon all of us to address the issue of effective governance. The G-8 still has a major role to play in geopolitical, non-proliferation and development issues, as confirmed at L’Aquila. Together with the G-20, which is now developing alongside it, we need to coordinate our actions to tackle global economic governance and open it up to all major countries wishing to contribute. In doing so,