What they are hoping to do is to come up with a coordinated plan to ease the recession, get their economies back on track and put in place regulatory measures to try to prevent similar crises in future.
VOA: standard.2009.04.02
Thus, what we need topreventfuturecrises is a more dynamic approach to regulation and oversight--one that is strong precisely when market forces become weak.
Some of the more pessimistic commentators see the recent credit excesses as the inevitable consequence of a system based on paper money and call for the return of the gold standard topreventfuturecrises.
Berlin's aim is to perfect the monetary union by ensuring countries adhere to rules designed topreventfuturecrises by addressing what are seen as the causes of the current one: government overspending and excessive risk-taking by banks.