EU: 100 days to fix global finance

The European Union is calling for a 100-day deadline for world leaders to decide global finance reforms, French President Nicolas Sarkozy says.

He says decisions cannot be taken immediately at a Nov. 15 summit between leaders of 20 of the world's industrialized nations and emerging economies in Washington.

But he said there was "no time to lose" and the summit could not become a talking shop.

EU government are calling for a second summit next spring to push forward with reforms.