By IRNA,
Paris : European Union leaders are to hold talks with US President George W. Bush on the financial crisis.
French President Nicolas Sarkozy, and EC President Jose Manuel Barroso will discuss at Camp David the framework for a summit of G8 leaders planned for November that may include China, India and other major economies.
The Europeans want the summit to pave the way for talks on an overhaul of the world’s financial regulatory systems.
Earlier, Sarkozy said that without regulation there could be no freedom.
“The world is confronted by the worst economic and financial crisis since the 1930s. We need to reflect on the stakes, how we arrived here, who is responsible, and what happened,” Sarkozy told delegates of the Francophonie in Quebec City, Canada.
“And we must draw lessons from it.”