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January 08, 2009

Sarko, Merkel fire warning shot across Obama bow

Say U.S. will not be world’s only financial regulator

French President Nicolas Sarkozy and German Chancellor Angela Merkel are presenting a united front to the U.S. in front of the April G20 summit of economically developed and strongly-developing nations. They say the European Union’s work on its own set of financial regulatory reforms won’t take second place to any American ideas.

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