Asia News

Sarkozy calls for Asia support

Written by Writer on Saturday, October 25th, 2008

Sarkozy calls for Asia support

BEIJING: French President Nicolas Sarkozy on Friday called for Asia to support Europe in its fight against the global financial crisis at a crucial November meeting in the United States.

“When it comes to the Washington summit on November 15, Europe is going to present a united front and we will submit well-considered proposals developed together,” he said at the opening of the Asia Europe Meeting in Beijing.

“Europe would like Asia to support that effort, so that together on November 15 we can tell the whole world that the causes of this unprecedented crisis will never happen again.”

Leaders from around the world will meet on November 15 in the US capital to discuss the financial crisis and to discuss how to reform the international system to prevent another meltdown.

Sarkozy, whose country currently holds the rotating presidency of the European Union, is a key proponent of a bold relaunching of the international financial system.

He is seeking to overhaul the Bretton Woods system that has governed international finance since the end of World War II, and launch a new system, along with other EU leaders.–AFP

The Manila Times
Saturday, October 25, 2008

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News Topics : Asia Europe, Beijing, Bretton Woods System, European Union, French President Nicolas, French President Nicolas Sarkozy, Global Financial Crisis, International Finance, Manila Times, Nicolas Sarkozy, November 15, Presidency, President Nicolas Sarkozy, Proponent, Proposals, Relaunching, United Front, Unprecedented Crisis, Washington Summit, World War Ii