French President Nicolas Sarkozy said Saturday that Europe has shown "complete unity" during a global financial summit in Washington, AP reported.
Sarkozy, who currently heads the 27-nation European Union, called the meeting of leaders from nearly two dozen countries historic because so many nations with diverse interests came together and agreed on a plan.
The world leaders have endorsed broad goals to fend off any future crisis and revive the economy. They issued a lengthy statement after Saturday's summit in Washington.
They are pledging to lay the foundation for reform so that the kind of global crisis now dragging down the economy does not happen again.
Calling himself a "friend" of the U.S., Sarkozy said that it was not easy to convince U.S. President George W. Bush, who hosted the summit, to even consider some European demands - in particular for greater regulation of hedge funds or to examine the question of banker compensation that might encourage risk taking.
"It was not easy" even to "obtain the organization of the summit," he said. Sarkozy takes credit for persuading Bush to organize the weekend meeting.
"The U.S. administration has accepted to move on subjects where historically all U.S. administrations refused to move."
Leaders agreement to consider oversight of rating agencies is, he said, something that "was never before accepted in the Anglo-Saxon world."
And he hailed the decision to examine whether the remuneration of bankers encourages risk-taking - saying "it wasn't simple" to get Britain and the U.S. on board.
Sarkozy said in a news conference after the summit that he expects at least one more summit, probably in London, and that a decision on the venue will be taken within ten days