G20 summit is not off to a good start.

Spend, spend, spend, says Barack Obama and Gordon Brown. The leaders of the UK and the US wanst the G20 leaders to agree to a $2tn fiscal stimulus package for the failing world economy. Nicolas Sarkozy and Angela Merkel will not agree to this, insisting that tighter financial regulations are needed, not more spending. G20 summit is not off to a good start.

Sarkozy not impressed by Brown.

Nicolas Sarkozy, the French president, is not impressed by Gordon Brown’s measures to tackle the UK financial crisis. Mr. Sarkozy told a domestic television audience Thursday that he will not follow the British Prime Minister in cutting VAT, claiming that it had ‘absolutely no impact.’ Sarkozy not impressed by Brown.