Obama, Sarkozy pledge to work toward global economic recovery

Washington:  In a meeting at the White House, US President Barack Obama signed an agreement with his French counterpart Nicolas Sarkozy to move together toward strengthening the global economic recovery.

The meeting was given due importance considering the fact  France is a member of both the G8 group and  G20.  Later this year, both the G8 and G20 summits will be held in France.

While addressing the media on the occasion, President Obama said that the world is still in the process of recovering from the terrible recession and there is lot of things to be done to come out from the prolonged crisis.

Both Obama and Sarkozy stressed on the need to rectify the imbalances in the fiscal policies of governments across the world and held the wrong policies responsible for hindering economic development. Sarkozy further said that 2011 will notice a comprehensive solution to tackle current economic imbalances and issues. The world need to take a structural view of current problems and should act accordingly, he said.

The talks between both the presidents stretched further to the lunch session for the additional dialogs on several other issues like war in Afghanistan, Iran nuclear issue, Middle East development and the Ivory Coast political crisis.

Sarkozy expressed his deep condolence toward the victims and families of the Saturday shooting incident in which Congresswoman Gabrielle Giffords was seriously injured and six others killed.