Ahead of G20, Obama, Sarkozy Seek United Economic Front

French, American presidents meet at White House
By Nick McMaster,  Newser Staff
Posted Jan 10, 2011 4:48 PM CST
Ahead of G20, Obama, Sarkozy Seek United Economic Front
President Obama meets with French President Nicolas Sarkozy in the Oval Office of the White House, Monday, Jan. 10, 2011.   (AP Photo/J. Scott Applewhite)

President Obama and Nicolas Sarkozy discussed ways to stabilize the world economy and prevent another global financial crisis today at the White House ahead of the G8 and G20 meetings, Bloomberg reports. While the two countries would seem to be at odds on world finance—many French officials believe that the US dollar should be used less often as an international reserve currency—Sarkozy acknowledged that the dollar has a "key role."

“Our teams are going to be working very hard to come up with common provisions on currency, commodity prices, and all that needs to be done in order to reduce current and present imbalances,” Sarkozy said. Obama, who has cited the need for controls to detect economic imbalances early, said he and the French president discussed "how to deliver the kinds of reforms and follow-through that will result in prosperity for peoples around the globe."
(More Nicolas Sarkozy stories.)

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