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Sarkozy calls for more market monitoring after recent turmoil

Nicolas Sarkozy has called on G7 governments to work with the International Monetary Fund and central banks on financial transparency following a week of turbulence on world markets over US mortgage sector problems.

The French president said he thought it "essential that as heads of state we should draw the consequences and lessons of the events that are affecting the markets."

"It seems essential to me that we monitor the transparency of the markets' operations and their ability ...

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