France's President Nicolas Sarkozy called Monday for US economic reforms, and in comments echoing Franco-American spats of the past, said Washington cannot "run the world" alone. The French leader used a visit to New York, where he met with students at Columbia University, to deliver what he called "home truths" to his hosts. Sarkozy, accompanied by his wife Carla Bruni, a former supermodel, was in New York a day before meeting President Barack Obama at the White House in Washington on Tuesday. With his popularity diving at home and his party reeling from defeat in regional elections, the US visit is seen as a chance for Sarkozy to regain momentum. Sarkozy has generally worked hard to rebuild ties with Washington, but his comments to Columbia students recalled a more prickly past. Rocky path of Franco-American relations saying "there is no single country in the 21st century that can run the world alone," he urged the United States to join Europe in "inventing the rules for the economy of tomorrow.
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" Reiterating traditional European skepticism of US economic free markets, he said: "We need the great American people to understand that the absence of rules kills liberty." "The world economic regulations cannot go on as they are. We can't accept a capitalist system without rules any more," he added. Lack of rules, he said, "will be the death of capitalism." Sarkozy said he would discuss with Obama ways to stabilize commodities markets and to define "a new international monetary order." "The dollar is not the only currency in the world," he said. While he was careful to lavish praise on Obama, he appeared to have a less upbeat view of ordinary US citizens, pleading with them "not to lag behind" behind their Democratic president on financial regulations, defense and the environment. Even his congratulations for Obama's hard-fought victory in pushing health care reform through a divided Congress came laced with criticism.
By: Geo News