Regulation, sustainable development, Haiti weigh in WEF
China Daily | Updated: 2010-01-29 07:55
DAVOS: The Davos forum opened its first day of discussions yesterday with a focus on how to improve the regulation of the financial sector to avoid future crises and whether the global economy can maintain sustainable recovery.
In a keynote address to the Davos forum, French President Nicolas Sarkozy called for tighter financial regulation, and criticized unrestrained free-market capitalism.
"There are remuneration packages that will no longer be tolerated because they bear no relationship to merit," Sarkozy said.
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