Thursday, August 26, 2010

Sarkozy Calls for Expanded G20 Powers, Secretariat

In an annual ambassadors' meeting in Paris yesterday, Sarkozy set the tone for the G20 meeting in Seoul set for November, and for the upcoming French presidency of the G20 starting January 2011. (Full text, in French, here.) 

The French president urged closer exchange rate integration among developed nations, and moving for a G20 secretariat to better coordinate the bloc's goals. He also suggested the group expand its ambitions toward tackling broader issues such as climate change and development.

These objectives stem in part from Sarkozy's earlier decision not to call for a new Bretton Woods, as he had originally sought.

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