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4/1/09

Bloomberg.com: France, Germany Not Satisfied With G-20, Sarkozy Says - by Sandrine Rastello and Francois de Beaupuy

For the complete report from Bloomberg.com click on this link

by Sandrine Rastello and Francois de Beaupuy

France and Germany are not satisfied with the Group of 20’s draft statement on solving the global financial crisis and are pushing leaders attending tomorrow’s summit to adopt concrete measures to increase international regulation, President Nicolas Sarkozy said. “In the current state of things, the projects don’t suit France, or Germany,” Sarkozy told Europe1 radio, citing a conversation he had with German Chancellor Angela Merkel last night. “No agreement is secured. I know by experience that we will need to fight until the last minute.” Finance Minister Christine Lagarde yesterday said Sarkozy would walk out of the summit if his push for stricter financial regulation is rebuffed. Sarkozy said today he hoped it wouldn’t come to that.

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