News Tag: French President
September 15, 2009
French President Nicolas Sarkozy has called on world leaders to scrap economic growth as a measure of progress.
Measuring a nation's well-being through gross domestic product (GDP) has resulted in an economic system that is destroying more than it is creating, Sarkozy said.
The president made the comments at the launch of a report he commissioned from Nobel Prize winning economist Joseph Stiglitz.
According to Stiglitz, ...
Ditch GDP says Sarkozy
by David Masters
September 14, 2009
The Elysée Palace has today announced that French President, Nicolas Sarkozy, may walk out of the G20 summit in Pittsburgh next week unless an agreement is reached with regard to bank bonuses.
France has long been arguing that excessive bankers’ bonuses reward the risk-taking that led to the financial crisis.
At last week’s meeting of G20 finance ...
Sarkozy threatens walk-out if no progress made on bonuses at G20 summit
by Kay Murchie
