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French President Nicolas Sarkozy insisted Wednesday that new financial regulation is a "non-negotiable" aim of the G-20 Summit in London, as world leaders gathered for the event.

Sarkozy, who is reportedly considering walking out of the meeting if it fails to live up to his demands, says he wants "major reform of financial regulation" with tax havens and hedge funds first in the firing line.

Earlier, U.S. President Barack Obama said world leaders meeting at the G-20 summit "cannot afford half-measures" as they try to hammer out ways to address the global financial crisis. Read full article »

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