Monday, September 14, 2009

Sarkozy has put forward an ultimatum to the summit G20

French President Nicolas Sarkozy intends to leave the summit of the Twenties "in Pittsburgh, if the partners fail to agree on the reduction of bonuses to top managers and transparency of financial regulation, said Monday on the radio station RTL General Secretary of the Elysee Claude Gean. Summit "twenty" to be held in the U.S. on September 24-25, Pittsburgh.

A few days before the previous G20 summit in March, Sarkozy has threatened to not sign the final communique and leave the meeting if the partners fail to agree on a tight control of the financial market, like RIA Novosti.

"He managed to push his proposal to end tax haven. He is very determined to make the solution of other problems also substantially progressed," - said the head of the presidential administration.

He said Sarkozy's worried about "the lack of regulation of excessive fees, which increase the risks and crisis." Sarkozy also advocated the establishment of such "norms regulating international accounting relations, which would not lead to a crisis." Moreover, France insisted that the interaction between the regulatory bodies of different countries should be transparent.

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