NY Foreign Policy Examiner: G20 Summit: Sarkozy sets the tone, and yes he can »

Posted By Sasha56 8 months, 4 weeks ago in News

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Nicolas 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.