France plans new conference on financial crisis

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France will host a January meeting of world leaders and experts to look for ways out of the global financial crisis, the president's office said Tuesday.

President Nicolas Sarkozy and British Prime Minister Gordon Brown returned from a Washington summit over the weekend with less ambitious commitments than they had sought for changes to the world financial system.

The Jan. 8-9 meeting in Paris will be co-hosted by Sarkozy and Brown's predecessor, Tony Blair. French officials said it was too soon to confirm which world leaders will attend, but that Nobel economists including Joseph Stiglitz and India's Amartya Sen will be present.

Blair was quoted in the French presidency's statement as saying the conference comes at a moment "when we are trying to define a new model of capitalism and reflect on the values that will help us adapt to globalization."

Sarkozy's office said the meeting is meant to be complementary to the Washington summit, but a less formal forum.

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