Video of French President Nicolas Sarkozy Drunk at G8 Press Conference?

It's hard to tell if Sarkozy is actually drunk, just a bit tipsy, or just having a good time. Watch the video (allegedly from Bulgarian Television) and decide for yourself. Here's a rough translation for those of you who don't speak French or drunk:

reporter: I would like to show you the beginning of the press conference held by french president Nicolas Sarkozy at the end of the summit. He just had lunch with the russian president Vladimir Putin and it seems that he had more to drink than water.
Sarkozy: Ladies ad Gentlemen, I apologize for my lateness, dued to the length (smiles) of the dialogue I just had with Mr Putin (smiles again)(pause). How do you want to procced, do I answer your questions? So have you got any question? (smiles). Go ahead. Yes, yes. Well, um.