Source: CCTV.com
04-02-2009 13:35
Special Report: G20 Summit in LondonThe leaders of France and Germany have struck a more conciliatory tone ahead of the G20 summit. French President Nicolas Sarkozy and German Chancellor Angela Merkel stood firm on Wednesday on the need to sign up to new financial market regulations. Merkel downplayed disagreements with the US and insisted both she and Sarkozy have come in a very constructive mood.
German Chancellor Angela Merkel says, "I think there are definitely chances for us to move forward here in this area, which is important to us. We have seen with satisfaction that there is now a great deal of talk about regulation in the US. What is not on the agenda today, what we'll not agree on today is something that will not be done in the next decade to come."
French President Nicolas Sarkozy added that concrete steps must be taken now on tax havens, hedge funds and ratings agencies. He said France and Germany have set all the three as "red lines" in the negotiations. He suggested that if the summit doesn't agree to rein them in, it will have failed.
French President Nicolas Sarkozy says, "Angela Merkel and I are on exactly the same line. We don't want to win for the sake of winning for us. We think our positions are sensible ones and we see that we are making progress. We have simply wanted to underline that faced with the weight of history, we cannot falter - to the point... and I happily quote Angela Merkel - we share the same convictions - We must judge tomorrow, those who are there, the results of something which is not a fight but a frank discussion."
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Editor:Qin Yongjing
