Flawed markets and fundamental weaknesses in the world economic system demand adoption of a "global standard" of norms and principles and a return to ethics in business, according to finance ministers from the Group of Eight club of rich countries.
In a 66-page report ex-pected to be endorsed by heads of government at next week's G8 summit in Italy, ministers agree "a re-thinking of the framework of the global economic and financial system is critical".
