France has unveiled plans for a post-French EU presidency financial summit, despite the Czech Republic's sensitivity over its upcoming chairmanship of the EU.
The Elysee Palace on Tuesday (18 November) formally announced an "international summit" to be held in Paris on 8 January, entitled "New World: Values, Development and Regulation," continuing France's ambition to create a "new model" for capitalism in the wake of the global financial crisis.
The meeting is to bring together international leaders as well as intellectuals such as economist Joseph Stiglitz and philosopher Francis Fukuyama and will be co-chaired by French President Nicolas Sarkozy and former British PM Tony Blair.
The move comes after a G20 summit in Washington last weekend fell short of EU hopes to tighten global financial regulation.
The new Paris meeting is the latest in a long line of high-powered events organised by France since it took over the EU helm in July. An EU presidency n
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