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French President calls for global labour regulation

French President calls for global labour regulation article image

French President Nicolas Sarkozy warned that failure to act on employment issues will lead to social unrest and conflict, in his address at the International Labour Organisation Global Jobs Crisis summit in Geneva yesterday. "Regulation of globalisation is the central issue," he said. "The ILO must have its word to say with the WTO [World Trade Organisation], the IMF [International Monetary Fund] and the World Bank." Sarkozy believes that the ILO's labour standards should be compulsory to avoid a system where short term gains undermine long term benefits, particularly in light of the current financial and economic crisis and its effect on social conditions. "Either we have reason or we will have revolt. Either we have justice or we will have violence. Either we have reasonable protection or we will have protectionism," he proposed.

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