Open

Coming up

Don't miss

Replay


LATEST SHOWS

WEB NEWS

Trash collection goes high tech

Read more

WEB NEWS

Web users react to escalating violence in Gaza

Read more

FASHION

Paris, Haute Couture Fall/Winter 2014-2015.

Read more

REPORTERS

Exclusive: an unlikely victim of the 'War on Terror'

Read more

AFRICA NEWS

2014-07-11 21:47 AFRICA NEWS

Read more

MEDIAWATCH

Finally, a good use for new app "Yo"

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014

Read more

#THE 51%

Sweden: A Feminist's Paradise?

Read more

  • Major differences remain as deadline looms in Iran nuclear talks

    Read more

  • Germany vs Argentina - history and genius clash in World Cup final

    Read more

  • Israeli navy attacks Hamas base as tanks line up along Gaza border

    Read more

  • French military to extend Mali 'counterterrorism' operations into Sahel

    Read more

  • Boko Haram claims Nigeria attacks and supports Iraqi militants

    Read more

  • Paris’s Bastille Day fireworks ‘an homage to victims’ of WWI

    Read more

  • French court lifts mayor’s ban on Muslim hijab at beach

    Read more

  • Shells land in Russia as eastern Ukrainians flee fighting

    Read more

  • Rival Libyan militias exchange heavy fire at Tripoli airport

    Read more

  • Holland beat hosts Brazil 3-0 to finish third in World Cup

    Read more

  • Iraqi parliament fails to agree on new leadership

    Read more

  • Afghan presidential candidates agree to full vote audit, Kerry says

    Read more

  • France’s Kadri wins eighth stage at Tour de France

    Read more

  • Last of the Ramones, Tommy Ramone, dies aged 62

    Read more

  • Video: Outrage in wake of deadly Casablanca buildings collapse

    Read more

Sarkozy and Medvedev in agreement ahead of G20 talks

©

Video by Marian HENBEST

Text by AFP

Latest update : 2008-11-14

The French and Russian presidents, Nicolas Sarkozy and Dmitry Medvedev, have met with EU leaders in Nice to hammer out a joint position ahead of the G20 summit in Washington late Friday.

See also: Sarkozy urges Russia not to deploy missiles on EU border

 

Russia's President Dmitry Medvedev and France's President Nicolas Sarkozy said Friday that they had agreed almost identical positions on the financial crisis ahead of a global summit.
   
Medvedev and Sarkozy, whose country holds the rotating presidency of the European Union, met in Nice for four hours before setting off for a meeting in Washington with the heads of the world's most important economies.
   
"I think I can say that Russia's propositions were of great quality and that they are very close to Europe's propositions," Sarkozy said at a joint news conference held after the talks.
   
"I'm pleased to see the Russian Federation's determination that some strong decisions be made at the Washington summit," he added.
   
Medvedev agreed, saying that Moscow and Brussels were heading to Washington with "practically common positions". He also backed Sarkozy's call for a second summit in February once US president-elect Obama takes office.
   
The leaders also discussed the crisis in Georgia, and Sarkozy called on Medvedev to withdraw Russian forces from two enclaves they are occupying on the outskirts of South Ossetia in spite of a ceasefire deal.
   
But both said that disputes in other domains should not deflect them from reforming international finance and the need, in Medvedev's works "to neutralise the damaging effects of the global crisis".
   
Neither went into details of their proposals ahead of Saturday's meeting in Washington, but in the build-up to the Nice talks both had spoken of the need to better regulate the free market.
   
The French president has said the Washington meeting should seek to lay the groundwork for a complete overhaul of the financial system, an idea Russia was pushing even before the credit crisis erupted.
   
Europe now hopes that Russia's support will help push the United States into major changes -- a move that is likely to meet stiff resistance in Washington.
   
"The crisis was not a failure of the free market system. And the answer is not to try to reinvent that system," US President George W. Bush said in a speech laying out his agenda for the Washington summit.
   
While it seemed unlikely that Europe and Russia would arrive in Washington with a joint blueprint, the two sides were moving closer together.
   
Medvedev and Sarkozy have blamed US economic management for a credit crunch that has brought down banks around the world, put the squeeze on businesses and consumers and pushed national economies into recession.
   
Sarkozy has called for the summit of more than 20 of the world's leading economies and emerging powers, to "remake the world financial system", creating a so-called Bretton Woods II.
   
An international conference at Bretton Woods, New Hampshire, in 1944 to shape the post-World War II financial system resulted in the creation of the World Bank and the International Monetary Fund.
   
Moscow has lobbied for change in the running of these bodies and, in particular, for more weight to be given to representatives of the so-called "BRIC" emerging nations, Brazil, Russia, India and China.
   
Following the talks at the Sarde Palace in Nice's historic old quarter, the French and Russian leaders held a working lunch before heading to the airport to fly separately to Washington.

Date created : 2008-11-14

Comments

COMMENT(S)