Asian leaders call for more integration to avert crises
Speaking at the conference, hosted by the Asian Development Bank last Monday (July 2), Thai finance minister Chalongphob Sussangkarn said Asia needs to put some of its $3 trillion in international reserves back into the region and develop a long-term finance mechanism for countries in need of assistance. "We need to set up an Asian monetary organisation," said Sussangkarn.
Duck-Koo Chung, former South Korean minister for commerce, industry and energy, echoed the sentiment, telling reporters the
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