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G20 leaders wrangle as protestors hit London
[Al Arabiya Latest] World leaders wrangled Wednesday about how to fix the global economy, as anti-capitalist protestors attacked a bank in central London on the eve of a G20 economic summit.As demonstrators laid siege to the Bank of England and smashed the windows of a nearby bank that has become a symbol of the financial crisis in Britain, leaders including U.S. President Barack Obama struggled to overcome U.S.-Europe tensions over how to ease the global slowdown. Leaders wrangle
French President Nicolas Sarkozy said France and Germany rejected the current summit proposals on reforming the financial system and cracking down on tax havens and corporate bonuses. Reports suggest Sarkozy may stage a walk out But other leaders played down his threat to walk out of the summit which even the German government said was "not the best idea." "I'm confident that President Sarkozy will be at the first course of the dinner and that he will complete the dinner," said British Prime Minister Gordon Brown of the threat, referring to a pre-summit leaders' meal at Downing Street Wednesday night. Sarkozy and Brown agreed on the need for tougher world finance rules, the French presidency said, but Sarkozy said before leaving Paris there had been no agreement on a summit communiqué. "Neither France nor Germany are satisfied with the proposals as they currently stand," said the French leader. "I will not associate myself with a false summit, that concludes with a statement of hollow compromises, that does not address the problems that we face," Sarkozy said. Posted by: Fred 2009-04-02 |
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