A meeting in which wide ranging issues including the, role of G8 and G20, took place between French president Nicolas Sarkozy and his US counterpart Barack Obama. But the most important thing that both the politicians discussed was about plans of recovery for the current economic crisis scene in Europe and other major economies.

The meeting took place when France is going to take over the presidencies of both the G8 and G20 group of nations.

These blocks signify the biggest economic powers in the present world and have got mostly the so-called developed nations.

After the meeting while talking to the reporters, Obama along with Sarkozy said that they had discussed as to how both the nations are going to coordinate their agendas and produce the most beneficial results not only for themselves but also for the whole block. Reforms and follow-through reforms are an important part of it.

He further added that during the initial part of the meeting, the two sides discussed about the G8 and G20 agendas, which was then taken over by issues like healing and recovery of the system after the disastrous recession phase.