President Nicolas Sarkozy of France and EC chief Jose Manuel Barroso said the global economic downturn gives leaders a chance to increase international financial oversight. "Together we need to rebuild a capitalism that is more respectful to man, more respectful to the planet, more respectful to future generations and be finished with a capitalism obsessed by the frantic search for short-term profit" Sarkozy said Friday. No date has been set for the summit.
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