President Bush speaks with French President Sarkozy and European Commission President Barroso on the global financial crisis, during a meeting held at Camp David. Bush says, in the interconnected world, it is essential for the nations to solve the crisis together. President Sarkozy, speaking through an interpreter, calls for a summit, between the G8 and G5 nations, in order to find a worldwide solution to old, failed regulations. Sarkozy says, "We live in the 21st century, but we continue to apply 20th century rules." President Barroso says that the financial system's basic principles, regulations, and institutions need reform.
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