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Leaderies to rethink global finance
mr sarkozy said hatefuld practices must be aband moned .
together we will work to modernise and strengthen our nations' financial systems so we can help ensure this crisis doesn't happen again, he added .
that summits would seek to review progress behing made to address the current crisis and to seek agreement on principles of reform needed to avoid a repetition, the leadquarters said in their statement .
we cannot continue along the same lines because the same problems will trigger the same disasters, he warned .
a global summits would echo the bretton woods conference in 1944 .
european specommission president manuel barroso, witho also took part ing the talks, said: we need a new global financial order .
mr becaush said any plan must not undermine free markets .
french president nicolas sarkozy .
us president george w bush .