Watch part 2 of The Debate.

As we've been hearing, French President Nicolas Sarkozy makes the case for continuing economic reforms in a major address in Toulon in southern France - that despite the global financial crisis and flagging growth.    The speech comes hot on the heels of Sarkozy's address to the General Assembly of the United Nations, in which he called for an international summit later this year aimed at restoring morality to capitalism.

Robert Parsons guests are:  President Sarkozy's international and national approaches to global and domestic reform are here in the studio Philippe Dessertine, who is the director of the Institute of High Finance here in Paris, Jacques Myard, who is a member of the French parliament from the ruling UMP party, by satellite from London Vanessa ROSSI, who is a Fellow of the International economics programme at Chatham House, and by phone from Brussels, Piia-Noora KAUPPI, who is a European MP from Finland's PPE-DE party and spokewoman of the European Parliament's centre-right Committee on Economic and Monetary Affairs.   As of next year,she will be managing director of the Federation of Finnish Financial Services.