Word: summits
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...measures they will insist be adopted at the G20 meeting in London in early April. "All financial markets, products and participants including hedge funds and other private pools of capital which may pose a systematic risk must be subjected to appropriate oversight or regulation," Merkel said in a summit statement. "A clear message and concrete action are necessary to engender new confidence in the markets and to put the world back on a path toward more growth and employment." (See 25 people to blame for the financial crisis...
...just what is said that counts, but the way it is said. And if tone is anything to go by, the leaders of the European Union's largest economies are dead serious about cleaning up global finance markets. On Sunday, officials from eight E.U. countries wound up an economic summit in Berlin calling for tougher regulations on international financial markets-including secretive hedge funds and the tax havens they often rely on to do business. The question is: will the U.S., the biggest financial player in the world, ever agree to the binding international regulation the Europeans seek...
...French President Nicolas Sarkozy was just as adamant. "We can't afford failure in London," he said after Sunday's meeting. "We have to succeed and we can't accept that anyone or anything will get in the way of this summit, which will be a historic summit. We will be successful [because] if we fail there will be no safety...
...show during the French President's Iraq visit. Maliki used Sarkozy's presence and words of support to respond to comments by U.S. Vice President Joe Biden that Washington would be "more aggressive" in demanding political reform from Baghdad. Delivered as Biden left for an international security summit in Munich, the sentiment apparently annoyed the Iraqi Prime Minister. "The time for putting pressure on Iraq is over," Maliki said during a Baghdad press conference with Sarkozy. That must be music to Old Europe's ears...
Masked teenagers lob bricks at police shields, middle-aged women wave banners and chant slogans against repression, while police tanks fire water cannons into rowdy crowds. These images may evoke anti-globalization protests at some high-powered economic summit, but in northern Mexico, they're the latest flash point in the nation's incessant drug...