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Sarkozy, Merkel, Blair call for new capitalism
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French President Nicolas Sarkozy hit out Thursday at financial speculators for having “perverted” capitalism, which he said should be overhauled with a new role for governments and moral values. Speaking alongside German Chancellor Angela Merkel and former British Prime Minister Tony Blair at a conference on the future of global finances in Paris, Sarkozy criticized "an immoral system where the logic of the markets excuses everything, where money follows money."
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Merkel said financial markets require new rules -- but said other global economic imbalances need to be addressed, singling out the US budget deficit and China's current account surplus. She deplored the "mountains of debt that we are accumulating to combat the crisis." But she recognized, for the moment, "there is no other possibility." Blair, who is co-chairing the two-day conference, urged global leaders to look at the crisis as an opportunity to create a better future.
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AP
PARIS, FRANCE
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Benzer Haberler 
