Sarkozy: World Growth Must Come First

French prez urges G20 to work for better kind of capitalism
By Rob Quinn,  Newser Staff
Posted Apr 1, 2009 6:08 AM CDT
French President Nicolas Sarkozy reacts during a meeting on the theme of stimulus plan measures in Chatellerault, western France,Tuesday, March. 31, 2009.    (AP Photo/Jacques Brinon Pool)
camera-icon View 1 more image

(Newser) – Today's G20 talks must focus on restarting global growth through a better-regulated form of capitalism, Nicolas Sarkozy writes in the Washington Post. The international financial system needs urgent restructuring, writes the French president, and confidence cannot be effectively restored unless reforms are carried out with a greater sense of morality and solidarity among nations.

The world should work towards renewing the entire multilateral system in the coming months, Sarkozy writes, ensuring emerging economies are given their share of responsibilities and the worst-hit nations are given the help they need. "I remain convinced that the world can emerge from these troubled times stronger, more united and with a greater sense of solidarity," he concludes, "provided we have the will to do so."