France takes the rotating helm of the EU in 2011 and President Sarkozy wants to use his time in the big chair to reshape the global financial landscape.
Tools are needed to limit excessive exchange rate volatility, though he says he is not talking of fixed rates (thank goodness for that!). China needs to be part of that discussion, he says.
The recent surge in wheat prices highlights the need for discuss commodity price volatility.
While you’re at it Nic, could you do something about airfares and cable TV rates? Thanks, dude.
