French President Sarkozy, China’s new negotiating partner, says monetary imbalances create a risk for all economies. TheG7 is no longer a legitimate forum for monetary issues, Sarkozy says and says that the need for a new monetary order is clearly on the table.
Sarkozy is attempting to bridge the gap between China and the west, it was revealed over the weekend. No doubt he wants France to be a player in the new world order…
Isn’t the G-20 supposed to be that new world order? I thought so…