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French President Nicolas Sarkozy issues a warning E-mail
Wednesday, 17 June 2009
French President Nicolas Sarkozy issues a warning
French President Nicolas Sarkozy has issued a warning because he says there could be great political and social unrest if further regulation of the globalised economy is not introduced.

The leader of France is reported to have called for a big change in how things are done and to have said: "We have to overhaul everything."

French President Nicolas SarkozyPresident Sarkozy was a guest speaker in Geneva where he had been invited by the International Labour Organization (ILO).

The French president said: "Regulation of globalisation is the central issue. Either we have reason or we will have revolt. Either we have justice or we will have violence. Either we have reasonable protection or we will have protectionism."

On Monday, the American government outlined proposals that will lead to stricter regulation of the biggest financial organisations.

President Sarkozy's ideas were supported by Brazil's political leader Luiz Inacio Lula da Silva, who wants to see an end to financial speculation and tax havens.


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Last Updated ( Monday, 22 June 2009 )
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