For the complete report from the Telegraph click on this link
Nicolas Sarkozy may walk from G20 summit over failure to curb bank bonuses - "Show time or reality" ? by A.Michaels and H.Samuel
In an interview with The Daily Telegraph, Mrs Lagarde said bonuses were top of Mr Sarkozy’s list of issues to tackle at the summit in Pittsburgh.“I hope that we will save [Mr Sarkozy] the trouble of having to walk out,” she said. The finance minister also cautioned: “I would find it absolutely outrageous and extraordinary if leaders of other countries did not understand the necessity to change the system and not go back to business as usual.”
Note EU-Digest: The question remains, if Mr. Sarkozy, who obviously is trying to impress his audience at home that he is a though negotiator, will have what it takes to carry out the threat his finance minister has announced. Most people do not believe so.
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