France's Sarkozy says UN, G8 need reform after crisis

Wed Oct 8, 2008 7:18am EDT
 
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EVIAN, France, Oct 8 (Reuters) - French President Nicholas Sarkozy called on Wednesday for the overhaul of both the Group of Eight industrialised nations and the United Nations, saying emerging economies needed to be given a greater voice.

Speaking minutes after coordinated central bank rate cuts, Sarkozy said the financial crisis could not be resolved by any one party and added that joint action by governments and central banks would bring concrete results in the hours ahead. (Reporting by Crispian Balmer and James Mackenzie)

 
Kenneth Griffin, Founder, President and CEO, Citadel Investment Group LLC, speaks during the "Financial Recovery: When and How?" panel at the 2009 Milken Institute Global Conference in Beverly Hills, California April 27, 2009. REUTERS/Phil McCarten
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