Sarkozy threatens walkout over bank bonuses

Sarkozy threatens walkout over bank bonuses

Nicolas Sarkozy’s war on greed will continue at the G20 summit in Pittsburgh this week, threatening to walk out if there is no agreement on curbing banker bonuses:

"If there is no concrete decision, I will leave," the paper quoted Sarkozy as saying.

It did not describe the context in which the remark was made but Sarkozy’s chief of staff Claude Gueant told RTL radio that the president was "extremely determined" to secure a deal.

This seems like an odd thing to take such a drastic stance on. The G20 is already moving toward the type of regulation Sarkozy wants and it seems unlikely that French bullying is going to get the job done.