Tuesday, March 31, 2009

Sarkozy walkout threats at G-20, reports say - CNN.com
CNN reports: "French President Nicolas Sarkozy wants a 'real transformation' of international financial regulations out of this week's G-20 summit in London, a spokesman said Tuesday amid reports that Sarkozy will walk out of the gathering if he's not satisfied."

Comment: I think Sarkozy is doomed to be disappointed with this summit, I see no indication that a transformation of the international system is being contemplated by world leaders. The time is not yet right. The world financial crisis would have to be much more severe for major changes to be considered, and as bad as it may be, world leaders would only like to see more regulation of international finance, they are not planning to create any new international organizations or institutions to manage world affairs. The world order that prevails at the end of this summit will be the same world order we have going in to the summit.

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