Time ripe for new an international currency system

Comments on Stephen Grenville “The euro crisis: lessons for East Asia”, 6/12/2011, http://www.eastasiaforum.org/2011/12/06/the-euro-crisis-lessons-for-east-asia/

Grenville has made excellent suggestions on this vital issue at the core of international and world economic and financial stability or instability/crisis.
The close inherent economic integration of the Asian region and the recent experience of its "parity maintenance" and the experience of the euro do provide essential lessons for a better future ahead, should the relevant/related countries decide to take active steps to strengthen or establish a mechanism to prevent or mitigate future financial crisis from the region point of view.
It may further provide a direction for a whole international structure or system to achieve the same objective for the world as a whole.