We need better regulation

At the start of the G20 summit in Pittsburgh the Catholic daily La Croix comments on French President Nicolas Sarkozy's ambitions to give France more clout in international affairs: "In fact France does not lack authority. Take the French management of the financial crisis under our EU Council presidency and the role played by Nicolas Sarkozy after the war in Georgia. The results of the past months are really rather flattering for the president of the republic. Paris now has an even better position in the concert of nations. After much hesitation, the French-German tandem, joined by the UK, continues to place high moral demands on the financial system. Even if neither the US - nor even the 27 members of the EU - could go along with the core French proposals on bonuses, and even if the exact way forward will be the subject of heated discussion at the G20, no one has suggested abandoning the initial ambition of establishing better financial regulation."

» full article (external link, French)
More from the press review on the subject » International Relations, » Economic Policy, » France
All available articles from » François Ernenwein

» To the complete press review of Thursday, September 24, 2009