directly incorporated into the World Trade Organization (WTO). The WTO has “had success in integrating trade agreements and opening up markets because it is able to apply legal pressure to nation states and resolve disputes”. Greece and Germany are currently in discussion about the possibility of solar energy being used to repay some of Greece's debt after their economy crashed in 2010. This exchange of resources, if it is accepted, is an example of increased international cooperation and an instance where the WTO could embrace energy trade agreements. If the future holds similar trade agreements, then an environmental branch of the WTO would surely be necessary. However critics of a WTO/WEO arrangement say that this would neither concentrate on more directly addressing underlying market failures, nor greatly improve rule-making. The creation of a new agency, whether it be linked to the WTO or not, has now been endorsed by Renato Ruggiero, the former head of the World Trade Organization (WTO), as well as by the new WTO director-designate, Supachai Panitchpakdi. The debate over a global institutional framework for environmental issues will undoubtedly rumble on but at present there is little support for any one proposal. World Trade involves a wide amount of funding and taxes when being sent from one state to another. Singapore's Prime Minister created a solution that would benefit all countries which would promote economic stability and sustainable growth for all states. The Eminent Person's Group (EPG) would control Financial Global Governance to create fair and equal regulations with all involved. This governance structure would require the development of finance institutions and would involve all countries working together. Governance of the economy and of globalization The 2008 financial crisis may have undermined faith that laissez-faire capitalism will correct all serious financial malfunctioning on its own, as well as belief in the presumed independence of the economy from politics. It has been stated that, lacking in transparency and far from democratic, international financial institutions may be incapable of handling financial collapses. There are many who believe free-market capitalism may be incapable of forming the economic policy of a stable society, as it has been theorised that it can exacerbate inequalities. Nonetheless, the debate on the potential failings of the system has led the academic world to seek solutions. According to Tubiana and Severino, "refocusing the doctrine of international cooperation on the concept of public goods offers the possibility