French President Calls For New Int'l Monetary Order

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3/30/10

In a speech at New York's Columbia University, French President Nicolas Sarkozy urged the US to support new rules for global finance and referenced healthcare reform by welcoming the US into "the club of countries that does not dump its sick people".

The French leader used a visit to New York, where he met with students at Columbia University, to deliver what he called "home truths" to his hosts.

…Saying "there is no single country in the 21st century that can run the world alone," he urged the United States to join Europe in "inventing the rules for the economy of tomorrow."

Reiterating traditional European skepticism of US economic free markets, he said: "We need the great American people to understand that the absence of rules kills liberty."

"The world economic regulations cannot go on as they are. We can't accept a capitalist system without rules any more," he added. Lack of rules, he said, "will be the death of capitalism."

Sarkozy said he would discuss with Obama ways to stabilize commodities markets and to define "a new international monetary order."

"The dollar is not the only currency in the world," he said….”

See:
http://www.france24.com/en/20100330-sarkozy-pushes-global-finance-rules-us-speech-world-economy-columbia-university

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