Nicolas Sarkozy visit: press conference with Gordon Brown

Nicolas Sarkozy visit: press conference with Gordon Brown; Gordon Brown press conference SOT - These are very detailed issues, when you actually look at the draft proposals. I believe, as Nicolas does, that we can reach a solution over the next few days on these issues. I'm pretty confident that people right round Europe want more transparency, and that is the basis of the move forward, but equally, I think we can show – as we will do by the discussions and by the conclusions that we will reach – that we have not harmed, indeed protected, the interests of the financial-services sector across Europe, as it tries to rebuild after the financial recession, and particularly make sure that there is no harm done, and there is protection for the City of London. So we have had good talks on this, and I am pretty confident that we can get a very satisfactory outcome in our discussions over the next few days. And, of course, it is a matter for the finance ministers next week. - I too am disappointed about the American decision, and we have made our views known about this as well. We believe in free trade, we believe in open markets, we believe in open competition, and clearly, it is a disappointment to us that the market – or the offer – that has come from Europe has not found the favour that we believe it deserved in the United States of America. - You see, today we've been discussing a number of key issues as we move forward to the future: financial services, defence, nuclear security. I don't think we've been in disagreement about anything, except perhaps that I think England will win the World Cup, and you think France will win. So there we are. Question SOT - I wasn't quite clear from your opening remarks whether you had reached complete agreement on the question of a global bank tax, international bank levy – and whether you've agreed not just the principle, but also the details of such a levy. And to the President, could I ask, will you be ur...
Nicolas Sarkozy visit: press conference with Gordon Brown; Gordon Brown press conference SOT - These are very detailed issues, when you actually look at the draft proposals. I believe, as Nicolas does, that we can reach a solution over the next few days on these issues. I'm pretty confident that people right round Europe want more transparency, and that is the basis of the move forward, but equally, I think we can show – as we will do by the discussions and by the conclusions that we will reach – that we have not harmed, indeed protected, the interests of the financial-services sector across Europe, as it tries to rebuild after the financial recession, and particularly make sure that there is no harm done, and there is protection for the City of London. So we have had good talks on this, and I am pretty confident that we can get a very satisfactory outcome in our discussions over the next few days. And, of course, it is a matter for the finance ministers next week. - I too am disappointed about the American decision, and we have made our views known about this as well. We believe in free trade, we believe in open markets, we believe in open competition, and clearly, it is a disappointment to us that the market – or the offer – that has come from Europe has not found the favour that we believe it deserved in the United States of America. - You see, today we've been discussing a number of key issues as we move forward to the future: financial services, defence, nuclear security. I don't think we've been in disagreement about anything, except perhaps that I think England will win the World Cup, and you think France will win. So there we are. Question SOT - I wasn't quite clear from your opening remarks whether you had reached complete agreement on the question of a global bank tax, international bank levy – and whether you've agreed not just the principle, but also the details of such a levy. And to the President, could I ask, will you be ur...
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March 12, 2010
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