NY Foreign Policy Examiner: G20 Summit: Sarkozy sets the tone, and yes he can »
Posted By Sasha56 7 months, 1 week ago in NewsNicolas Sarkozy has been threatening for days leading up to the G20 summit that if certain concrete results were not achieved during this international conference that he'd be walking out.
He had a very staunch ally in Angela Merkel in seeking to impose new restrictions and regulations in the finance industry, without which both leaders feel there could be no resolution of the crisis.
Obama, on the other hand, is an advocate of stimulus and once again, circumvented a question posed to him by the European press yesterday about responsibility for the crisis. Unfortunately for him, he could not charm his way with this approach with his French and German allies.
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Sasha56
Born in Alexandria Egypt. Emigrated to the US as a result of exile from Egypt in 1962 due to ethnic cleansing. Learned to speak English ...
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cowboygrandpa7 months, 1 week ago
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"As I listen to President Sarkozy's opening remarks at the G20 Gordon Brown Press Conference, I come away with the impression that Sarkozy put forth some excellent ideas. There will be a black list drawn up of tax havens; there will be a tripling of funding for the IMF, and a large portion of this capitalization is to help developing countries. A new body (committee) will be in charge of 'oversight'. There will be a follow up meeting of the G20 in New York to coincide with the annual National Security Council meeting, where the G20 will evaluate the results of the measures implemented during this current summit.
During the Q & A part of his speech, he tried to tread lightly on Obama's differences with his European partners; he lauded him for agreeing to the black list. But he pointed to the failure of certain aspects of capitalism that precipitated this crisis, i.e. total deregulation. He did say that his 'Anglo-Saxon' friends did finally agree that rules are needed, oversights, more regulation, less protectionism. Free trade and protectionism, i.e., 'buy American' were items that were on many reporters minds.
Sarkozy did say that there had been tension, arguments, disagreements,-of course, but considering the diversity of cultures and economic systems by which the attendees abide, it was heartening that they could finally come to agree on key points."
Sarkozy would do well to remember if it were not for the Americans coming to their aid they'd be a German puppet state today. They capitulated so quickly in WWII that Hitler did not have to tie up many troops waring against them.
Hmmmmmmmmm ???? Now Merkel and he want to tell us how to solve the problems ???? No thanks !!!!!!!!!!!!!!!!!
They can kep their freaking socialistic crap over there.
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