President seeks salvation in his new world order

Saturday, October 23, 2010
By Paul Martin

The Australian.com.au

NICOLAS Sarkozy will use his G20 leadership role to push forward a new diplomatic and monetary world order that embraces Russia.
He proposes a powerful European alliance which could threaten to destabilise US dominance.

At the same time, the ambitious French President wants to craft a new global economic framework that would give China greater influence. He plans to use the French presidency of the G20 group of world nations, which starts on November 14, to promote his redrawing of the world diplomatic and monetary stage.

From the French point of view, the time is ripe to forge new global architecture because the end of the postwar monetary system has left a void and the world needs shock absorbers on the financial and commodities markets. China and Russia are critical to his new post-Cold War vision.

His plans come as the French President finds himself unloved at home and belittled abroad. He is clearly hoping to relaunch himself as an international troubleshooter before his expected campaign for re-election in 2012.

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