PARIS, Sept. 25 (UPI) -- French President Nicolas Sarkozy said Thursday the global financial crisis "is not a crisis of capitalism" but he called for more state control of the economy.
Speaking in Toulon, France, Sarkozy said the government should expand regulation to cover all funds and financial institutions, The Financial Times reported. He said the crisis has put an end to any notion that the fall of the Berlin Wall meant that democracy and the market would solve any problem.