Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

No strategy and a beige suit

Read more

THE WORLD THIS WEEK

The World This Week - 29 August 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 29 August 2014

Read more

ENCORE!

Alain Choquette: A Hilarious Magician in Paris

Read more

FOCUS

France welcomes Iraqi Christian refugees

Read more

FRANCE IN FOCUS

Emmanuel Macron: A new economy minister with a pro-business agenda

Read more

THE OBSERVERS

More of this year's best Observers stories

Read more

#TECH 24

Changing the world, one video game at a time

Read more

IN THE PAPERS

Socialist Party summer conference kicks off in explosive atmosphere

Read more

  • Besieged UN peacekeepers battle Islamists in Golan Heights

    Read more

  • Ukrainian plane with seven on board crashes in Algeria

    Read more

  • Kerry calls for 'coalition of nations' to battle IS militants

    Read more

  • EU leaders meet in Brussels to seek a response to Russia

    Read more

  • Exclusive: Fabius warns Russia of more sanctions

    Read more

  • Lesotho army seizes police HQ, jams radio stations

    Read more

  • IMF backs Lagarde amid French corruption probe

    Read more

  • Ebola drug ‘ZMapp’ heals all monkeys in study

    Read more

  • British killer escapes from French psychiatric hospital

    Read more

  • Police hunt for British boy with brain tumour taken to France

    Read more

  • Ukraine to relaunch NATO membership bid

    Read more

  • Suriname leader’s son pleads guilty to courting Hezbollah

    Read more

  • Mapping Ukraine: Canada and Russia in ‘tweet for tat’ row

    Read more

  • France shines in IMF list of world’s promising economists

    Read more

  • Chelsea’s Torres set for AC Milan switch

    Read more

  • First case of Ebola confirmed in Senegal

    Read more

  • Obama has 'no strategy yet' against IS militants in Syria

    Read more

  • Netflix to woo French with ‘House of Cards’ set in Marseille

    Read more

  • French businesses ‘hoping for a new Thatcher’

    Read more

  • The deleted tweets of Manuel Valls

    Read more

  • Libyan PM resigns as Islamists set up rival administration

    Read more

France

Sarkozy threatens walkout if demands are not met

Video by Elisabeth ALLAIN , Yuka ROYER

Latest update : 2009-04-01

French President Nicolas Sarkozy has threatened to walk away from the G20 summit in London if leaders of the world's biggest economies refuse to address calls for tighter global financial regulations.

AFP - France is prepared to "walk away" from the G20 summit if it fails to secure agreement on issues it wants, Finance Minister Christine Lagarde told BBC television in comments released Tuesday.
  
"President Sarkozy was very clear on that front, he said if the deliverables are not there, I won't sign the communique," Lagarde, who spoke in English, told the BBC. "It means walking away. I think he's very determined."
  
Her comments suggest France is trying to raise the stakes ahead of Thursday's G20 summit on the world economic crisis in a bid to secure agreement on tougher regulation of the financial sector.
  
On a visit to the central French town of Chatelleraut to promote plans for economic recovery, Sarkozy said there was "no choice" but for the summit to get results.
  
"The crisis is too serious for us to hold a summit for nothing," he added.
  
Earlier, French officials had said US President Barack Obama had yet to be convinced by calls for international regulation.
  
While the US favours fiscal stimulus to tackle the effects of the credit crunch, European nations led by France and Germany are sceptical of such an approach, favouring tighter regulation of financial bodies like hedge funds and other measures including a crackdown on tax havens.
  
Amid fears the London summit will be split over how to deal with the crisis, French officials have stepped up the pressure, warning Sarkozy would rather air the issues through a public dispute than accept a vague consensus.
  
"The risk is not of a failure, but of a false success -- a deal on phrases that sound good, but commit us to nothing. That's the real risk," a French presidential source told reporters on Monday.
  
According to Le Figaro, a right-wing daily with close contacts in Sarkozy's entourage, the president himself expressed views similar to Lagarde's comments earlier this month.
  
"If there's no progress in London, there'll be an empty chair. I'll get up and leave," Sarkozy said on the sidelines of a March 18 cabinet meeting, the paper's front page report said Tuesday.
 

Date created : 2009-03-31

COMMENT(S)