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George Bush held a meeting at Camp David (戴维营)to discuss the global financial crisis with Nicolas Sarkozy, the French president, who is also the current head of the European Union, and José Manuel Barroso, the president of the European Commission. Later, a date of November 15th was set for a summit in Washington of 20 countries, including such emerging economies as China, India, Russia and South Korea. The summit will address a “common set of principles” for reforming the regulation of international markets. Broadly speaking, the Europeans want more of it, but the Americans are resisting.
In a speech to the European Parliament in Strasbourg Mr Sarkozy suggested that governments should take shareholdings in big companies and that Europe should set up the equivalent of sovereign-wealth funds to deter foreign predators.
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