French President Nicolas Sarkozy wants a "real transformation" of international financial regulations out of this week's G-20 summit in London, a spokesman said Tuesday amid reports that Sarkozy will walk out of the gathering if he's not satisfied.
"President Sarkozy thinks that this summit is of the utmost importance for the whole world," Sarkozy spokesman Jean-David Levitte said Tuesday. "We cannot fail."
The G-20 -- financial leaders from 19 nations and the European Union -- begins meeting Thursday in London. The global monetary crisis is expected to be the central issue. Read full article »
CNN's Jim Bitterman and Doug Gross contributed to this report.