Those responsible for the global financial crisis should be punished, French President Nicolas Sarkozy said, calling for more world leaders to recognize the seriousness of the situation.

"Today millions of people around the world are fearful of losing their nest eggs, their apartments, their savings in banks," Sarkozy said at a dinner Monday where he was awarded the Elie Wiesel Foundation's Humanitarian Award.

"We must provide them with clear answers. Who is responsible for this disaster. That those responsible will be held accountable and punished and that we government leaders will assume our responsibilities," he said without specifying those responsible.

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