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Sarkozy plugs summit plan ahead of Bush talks

Sarkozy plugs summit plan ahead of Bush talks
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The French president has been promoting his plan for an international finance summit on a weekend tour of North America.

Before talks with President Bush this evening, Nicolas Sarkozy told a meeting of French-speaking countries in Canada that such a summit would be a chance to right the endemic wrongs in the global financial system.

“I call on you to put an end to a capitalist financial system that has become obsessed with constantly seeking short-term profit. We need to reintroduce into the economy ethics, principles of justice and social and moral responsibility.”

Sarkozy will meet Bush for crisis talks at Camp David hoping to emerge with a fixed date in November for a summit of G8 countries as well as India, China and perhaps other emerging economies.

United Nations chief Ban Ki Moon has told him the UN headquarters in New York could be made available for the meeting.