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Sarkozy Confers With Obama on Transaction Tax

French President Nicolas Sarkozy said that he and President Barack Obama shared a “common analysis’ on the financial transaction tax.

Speaking after bilateral talks today at a Group of 20 summit in Cannes, France, Sarkozy said that the summit needs to be ‘‘hand in glove with the U.S.’’

‘‘We need the leadership of Barack Obama,’’ Sarkozy said.

To contact the reporter on this story: Roger Runningen in Washington at rrunningen@bloomberg.net

To contact the editor responsible for this story: Alan Crawford at acrawford6@bloomberg.net

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