Nicholas Sarkozy spoke at Columbia University in New York on Monday and, as he has done before, demonstrated that everyone who calls themselves a conservative is not a free marketer. The French President pressed for an expansion of global financial bureaucracies and blasted the right of individual countries to be fiscally sovereign. The following Associated Press summary of his speech gives a textbook rationale behind the fiscally imperialist thought prevalent in much of Europe:
French President Nicolas Sarkozy is urging the United States to champion global financial regulations to avoid future crises , and says Americans should pay more attention to the rest of the world.
Sarkozy, in a frank speech at Columbia University in New York, says the United States “should reflect about what it means to be the world’s No. 1 power.”
He says, “The world needs an open America, a generous America, an America that shows the way, an America that listens.”
He urged Europe and the United States to create a new global financial system. http://www.philly.com/philly/wires/ap/news/nation/20100329_ap_sarkozyurgesworldfinancerulesinusspeech.html
