EU: SARKOZY TO STRASBOURG PARLIAMENT, "NO TO GAMBLERS’ CAPITALISM"

As to the financial crisis, the French President, speaking to Parliament in Strasbourg, stated: "We have been looking for shared responses to this crisis, we have hurried up" to pass a coordinated action plan. The crisis, according to Nicolas Sarkozy, "which came from the United States", forced us "to rethink the markets. We said no to gamblers’ capitalism, because we want a business capitalism". In this respect, the speaker explained he attaches "great importance to the summit of 2 April in London when the G20 will meet again", as it did once in Washington in November, on the EU’s proposal, "for the reform of worldwide financial governance". In his speech, the current president of the EU, who will step out in late December, lingered on the climate package, defence, Lisbon Treaty and Mediterranean Europe: "If Europe does not play its part for peace in the Middle East – explained Sarkozy –, no one will. And the Union for the Mediterranean would precisely be a stable tool to do this". "The Middle East does not just need European money, it needs our politics as well".