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(CEP News) Frankfurt - French President Nicolas Sarkozy said the financial regulation reforms agreed to during the G20 summit in London on Thursday "turned the page" on Anglo-Saxon-dominated capitalism.
Speaking to reporters in London on Thursday before UK Prime Minister Gordon Brown had even completed his closing press conference, Sarkozy said his and German Chancellor Angela Merkel's regulation reform proposals had been met and even surpassed. "To tell the truth, it's more than we could have imagined," Sarkozy said. Merkel added that the G20 meeting had resulted in "a very good, almost historic compromise in a unique crisis". On Thursday, the leaders of the Group of 20 agreed to a number of new measures, including the implementation of new rules on hedge funds, traders' pay schemes, the listing of tax havens, securitization, accounting rules and bank capital requirements. Written by CEP News European Staff,
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