Posted by: mulrickillion | November 6, 2011

At the G20 Summit in Cannes, Europe’s Currency and Leaders Pushed to the Brink

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By Bruce Crumley, Nov 4, 2011 — They may be clichés, but the phrases “life isn’t always fair”, and “things don’t necessarily work out the way you’d like” are cruel realities that French President Nicolas Sarkozy has to be ruefully mulling over just now. Rather than basking in the sunlight of a France-presided G20 summit meant to usher in major international reforms, Sarkozy finds himself hosting the group’s meeting in Cannes focused on the far narrower objective of simply saving the euro from calamitous implosion. Instead of pro-actively changing the world to prevent future turmoil, Sarkozy has been forced to limit his efforts to preserving a European status quo once considered unquestionable. And even if that rescue ultimately proves successful, the entirely defensive achievement won’t do much to strengthen the president’s anticipated re-election appeal to French voters next year, who feel Cannes has shown Sarkozy again failing to live up to their leadership expectations. . . .

At the G20 Summit in Cannes, Europe’s Currency and Leaders Pushed to the Brink – Global Spin – TIME.com

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