France to quit G20 summit if stricter financial regs not met

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France has threatened to walk away from the G20 summit if its demands for tighter financial regulation are not met, reports suggest.

French finance minister Christine Lagarde says Nicolas Sarkozy will not sign any agreement if he believes "the deliverables are not there," in a blow to Brown and Obama's agenda to strengthen financial regulation and stimulate international recovery. Brown says: "Leaders meeting in London must supply the oxygen of confidence to today's global economy and give people in all of our countries renewed hope for the future." Cracks are starting to emerge ahead of Thursdays' summit as other European countries resist calls to commit to increasing spending this and next year. Sarkozy has previ...

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