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Re: Sarkozy will again push to reduce US Dollar dominance at G20 meeting
Didn't he get the Memo?
http://www.youtube.com/watch?v=xFVdvXGIT34 -
Re: Sarkozy will again push to reduce US Dollar dominance at G20 meeting
http://www.france24.com/en/20110109-...y-barack-obama
Latest update: 10/01/2011
When French President Nicolas Sarkozy arrives in Washington Monday, he’ll have plenty of ammunition to argue his case for greater global food price and currency stability.
In the past four weeks, several people have been killed in Algeria and Tunisia in violent riots over soaring food prices and unemployment.
During his meeting with US counterpart Barack Obama, Sarkozy will argue that an agreement on currencies and global imbalances will help prevent further swings in commodity prices to avoid a veritable world food crisis, like the one that hit in 2008, when riots broke out in dozens of countries across the world.
French Prime Minister Francois Fillon underlined the point last week when he told a conference that one of France's top G20 priorities was to find a collective response to "excessive volatility" in commodity prices, notably for food and energy.
Washington is Sarkozy’s first stop in seeking support for the planned reforms. France is the current rotating president of both the G8 and the G20, and is hoping to push through the changes by the end of the year.Comment
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