"Those behind market crisis should be punished"
Those responsible for the crisis that has swept global financial markets should be punished, says French President Nicolas Sarkozy.
Tuesday, 23.09.2008.
10:20
Those responsible for the crisis that has swept global financial markets should be punished, says French President Nicolas Sarkozy. He made the remarks overnight in his first reaction to the latest bout of economic turmoil. "Those behind market crisis should be punished" In an acceptance speech at an award ceremony attended by U.S. and French business leaders, Sarkozy called for the "truth" on the crisis to be uncovered. "Today, millions of people across the world fear for their savings, for their apartment, for the funds they have put in banks. It is our duty to give them clear answers," he said. "Who is responsible for this disaster? May those who are responsible be punished and held accountable," he said hours before he was due to give a speech to the UN General Assembly. The U.S. government has unveiled a USD 700bn bailout package for Wall Street firms to rid them of the toxic mortgage-related debt which felled investment bank Lehman Brothers and threatens to wreak further financial havoc. The plan, which has yet to be approved by Congress, has been criticized by some observers, who argue that it is unfair for the bankers who sparked the crisis not to bear the full brunt of its consequences. U.S. Treasury Secretary Henry Paulson, however, argues that his bailout plan will prove cheaper for taxpayers than leaving companies to suffer the cost of the crisis themselves. Sarkozy's comments earned him a lukewarm reaction from the members of the business community who had paid USD 1,500 to USD 75,000 each to see Sarkozy receive a "humanitarian award" at a black-tie gala event and eat a light meal. The French president is due to give an economic speech on Thursday, in which he is expected to speak at greater length on the market turmoil and outline elements of the 2009 draft budget, which will be unveiled the following day.
"Those behind market crisis should be punished"
In an acceptance speech at an award ceremony attended by U.S. and French business leaders, Sarkozy called for the "truth" on the crisis to be uncovered."Today, millions of people across the world fear for their savings, for their apartment, for the funds they have put in banks. It is our duty to give them clear answers," he said.
"Who is responsible for this disaster? May those who are responsible be punished and held accountable," he said hours before he was due to give a speech to the UN General Assembly.
The U.S. government has unveiled a USD 700bn bailout package for Wall Street firms to rid them of the toxic mortgage-related debt which felled investment bank Lehman Brothers and threatens to wreak further financial havoc.
The plan, which has yet to be approved by Congress, has been criticized by some observers, who argue that it is unfair for the bankers who sparked the crisis not to bear the full brunt of its consequences.
U.S. Treasury Secretary Henry Paulson, however, argues that his bailout plan will prove cheaper for taxpayers than leaving companies to suffer the cost of the crisis themselves.
Sarkozy's comments earned him a lukewarm reaction from the members of the business community who had paid USD 1,500 to USD 75,000 each to see Sarkozy receive a "humanitarian award" at a black-tie gala event and eat a light meal.
The French president is due to give an economic speech on Thursday, in which he is expected to speak at greater length on the market turmoil and outline elements of the 2009 draft budget, which will be unveiled the following day.
3 Komentari
Možda vas zanima
"Zbogom bankomati": Uveden novi sistem isplate
Podizanje gotovine za kupovinu postaje sve popularnije među potrošačima u Nemačkoj. Ukupni obim gotovinskih plaćanja prošle godine je porastao 20 odsto na 12,31 milijardu evra.
13:19
18.4.2024.
19 h
Bure baruta pred eksplozijom: Počinje veliki rat?
Bliski istok, zbog promene ravnoteže snaga i dubokih kriza, pre svega palestinsko-izraelske, može se smatrati buretom baruta i ima potencijal da dovede ne samo do regionalnog sukoba, već i do globalnog konflikta.
20:40
17.4.2024.
1 d
Rat – dan 784: Rusi aktivirali PVO; Oboreni "vampiri"
Rat u Ukrajini dan – 784.
23:33
17.4.2024.
1 d
Uništeno; Zelenski: Hvala na preciznosti
U ukrajinskom napadu na vojni aerodrom na Krimu u sredu ozbiljno su oštećena četiri lansera raketa, tri radarske stanice i druga oprema, saopštila je danas Ukrajinska vojna obaveštajna agencija.
14:21
18.4.2024.
18 h
Mediji: Ultimatum za Srbiju
Višegodišnja dilema "Kosovo ili Evropska unija", koja je lebdela nad Srbijom, dobiće svoj praktični izraz sledeće nedelje, pišu mediji.
13:01
17.4.2024.
1 d
Komentari 3
Pogledaj komentare