UN offers to host summit, Canada cautious
UN: U.N. Secretary-General Ban Ki-moon on Saturday offered French
President Nicolas Sarkozy the U.N. headquarters in New York as a venue
for the international summit Sarkozy is trying to organize on the
financial crisis.
Canada reiterated its support for the meeting, but also sounded a
note of caution, suggesting the world should not act rashly.
Ban's offer was made on the sidelines of a Quebec City summit of more
than 50 French-speaking nations that has been overshadowed by the global
financial turbulence. Sarkozy, Canadian Prime Minister Stephen Harper
and others attended.
Sarkozy later met U.S. President George W. Bush at the presidential
Camp David retreat to discuss where to hold the summit, whom to invite
and what it should accomplish. Ban offered to host the summit in a
public letter to Sarkozy after a bilateral meeting with him.
"We both agree that there is no time to lose and, therefore, I fully
subscribe to your idea of convening such a forum in early December at
the latest," Ban wrote.
"In that respect, I am pleased to offer the facilities of the United
Nations Secretariat in New York."
Ban affirmed his strong support for what he described as an
"expanded, emergency" summit of the Group of Eight leading
industrialized nations. French Prime Minister Francois Fillon said on
Saturday night in a speech in Quebec that all the Francophone countries
back the idea of a financial summit.
Sarkozy has said the world needs to "refound," or overhaul,
capitalism so that it rewards entrepreneurs and not speculators, and
Harper said on Friday that the current financial infrastructure was not
doing its job.
However, the Canadian team did not want to go as far as Sarkozy.
"We haven't gone as far as France and said that we are rethinking
capitalism," Canadian Transport Minister Lawrence Cannon told reporters
on Saturday.
"We have indicated in Canada we have extremely good tools at our
disposal to be able to monitor the banking system." "Such a format will
allow us to more effectively act upon a crisis, which requires a global
solution through cohesive international partnership."
Harper spokesman Dimitri Soudas also sounded a note of caution.
"Canada, of course, recognizes that the present international
situation remains very delicate and our collective action should be
taken with precaution and coordinated in a way so that the crisis does
not widen," he said.
Quebec City, Sunday, REUTERS
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