Around the World: France
China Daily | Updated: 2009-01-09 07:40
New capitalism urged
French President Nicolas Sarkozy hit yesterday 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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