Sarkozy and Merkel demand action

NICOLAS SARKOZY and Angela Merkel issued a stark warning last night that France and Germany would not sign up to an agreement at today’s G20 summit unless there was tough action to regulate world financial markets.

At a joint press conference at a London hotel, the two leaders made clear that they were not satisfied with the proposals on the table for the gathering in London.

“Germany and France will speak with one and the same voice,” the French president declared. “These are our red lines.”