Loans and Finance

Loans and Finance

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Tuesday, March 31, 2009

Hissy Fit

President Sarkozy threw a hissy fit yesterday, and played to the domestic French audience, by threatening to walk out of the G20 summit if France's demands for tougher financial regulation and a global regulator are not met.

Sarkozy blames the "Anglo-Saxons" for the economic crisis.

Apportioning blame is all very well, but it is necessary to fix the problem first. As I noted before, if your neighbour sets fire to his house you do not sit on your hands and remonstrate with him, you help him put the fire out before it spreads to your house. Once the fire is out, you can then remonstrate with him.

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