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Sarkozy at Davos: the euro vanish? Don't even think about it!

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Sarkozy at Davos: the euro vanish? Don't even think about it!

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A minor blast claimed by left-wing activists came early in the day of Nicolas Sarkozy’s euro rallying call in Davos, Switzerland. The group against the gathering of global elites on a website said communism must overturn the dictatorship of capital.

No one was hurt at the Posthotel where the device went off. It broke a couple of windows.

The occasion was the World Economic Forum, where President Sarkozy, with France leading the G20 this year, at the main meeting centre said the currency shared by 17 countries would not succumb.

“We will never turn our backs on the euro!” he said. “It is that important… that we will be there to defend it. The disappearance of the euro would be so cataclysmic that we cannot even toy with the idea.”

That met with silence. And he added: “Perhaps I wasn’t precise enough.”

Currency balance and commodity prices are G20 priorities this year.