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| Economy |
| France, China agree to reform global monetary system |
| 2010-11-06 |
| (KUNA) -- France and China agreed to reform the global monetary regime, a senior French official said Friday. French Media quoted senior Presidential advisor as saying after summit talks between President Nicolas Sarkozy and his Chinese counterpart Hu Jintao in Nice, that points of view were close over objectives and methods to reform global monetary regime. The advisor, asking not to be named, said both leaders also agreed to hold a summit of monetary experts in China, probabaly next Spring. Sarkozy and Hu discussed situation of global monetary system as France will be chairing the G-20 in its next summit in Seoul, South Korea, on November 13, he said. Hu, asked by the big industrial countries to appreciate the Chinese currency, said in an interview that the Chinese currency exchange policy was balanced and responsible. China signed USD 20-billion contracts with France to buy aircraft and to cooperate in nuclear and energy domains. The Elysee Palace said China requested 102 Airbus aircraft with USD 14 billion. A Chinese energy company signed a USD 3.5 billion contract the France's state-owned nuclear company (Areva) to supply Chinese electricity company with uranium. Both sides also signed an agreement to treat uranium in China. Other contracts were signed to establish a life insurance company in China, and French Total signed an agreement with China to drill and manufacture clear fuel. |
| Posted by:Fred |
| #7 tw I fiercely opposed the euro because I didn't believe a thing about the "stability pact". Btw just in case you wondered about my nick: You can be a European without believing in the EU Commission. My idea of Europe is that of a free market Europe of peaceful nations, not a socialist EUSSR |
| Posted by: European Conservative 2010-11-06 20:16 |
| #6 Thank you, European Conservative. Reading your posts is so often educational! :-) |
| Posted by: trailing wife 2010-11-06 18:13 |
| #5 Enthusiastic in public, not so enthusiastic off the record. Mitterand blackmailed the Kohl government into accepting the Euro otherwise France, along with the UK, would block German reunification. The "stability pact" meant to placate the fears of the German people was a sham. The admission of Greece, Italy, Spain and Portugal violated any rule. |
| Posted by: European Conservative 2010-11-06 14:15 |
| #4 Well they manage to rob us of the D-Mark, so who knows With your government's enthusiastic cooperation, European Conservative. I don't know that the present chancellor, just named the sixth most powerful person in the world, would be as agreeable. |
| Posted by: trailing wife 2010-11-06 13:53 |
| #3 Well they manage to rob us of the D-Mark, so who knows |
| Posted by: European Conservative 2010-11-06 13:01 |
| #2 France? There are issues they have the stature to influence, or even decide. I'm not sure this is one of them. |
| Posted by: trailing wife 2010-11-06 12:02 |
| #1 Cracking the whip, eh? |
| Posted by: g(r)omgoru 2010-11-06 08:10 |