Flaunting their proud tradition of both rudeness and giving up, French representatives have threatened to walk away from this week’s G20 summit if their specific demands for tighter financial regulation are not satisfied. French Finance Minister Christine Lagarde told the BBC program Hardtalk (which airs just before Dirty Talk at 11pm) that President Sarkozy would not put his Jean Hancock on any document if
“the deliverables are not there”.
France favors stronger measures for financial regulation than do the U.S. and U.K. Despite France’s adamant stand on strict regulation Barack Obama and British Prime Minister Brown have high hopes that the international economic pow wow could go a long way towards boosting the world from the throes of it’s monetary woes. France’s early exit would prove a detriment to both leaders and those hopes. Despite the prospect of petulant behavior hanging in the air, Prime Minister Brown, in addition to regulation, has issued a call for “moral boundaries” to enhance the way we do business. If you’re looking for a definition of “moral boundaries” look up “Bernie Madoff” on wikipedia and then imagine the opposite.
