For a locally compact group G, let A(G) denote its Fourier algebra, and let
M_0A(G) denote the space of completely bounded Fourier multipliers on G. The
group G is said to have the Approximation Property (AP) if the constant
function 1 can be approximated by a net in A(G) in the weak-* topology on the
space M_0A(G). Recently, Lafforgue and de la Salle proved that SL(3,R) does not
have the AP, implying the first example of an exact discrete group without it,
namely SL(3,Z). In this paper we prove that Sp(2,R) does not have the AP. It
follows that all connected simple Lie groups with finite center and real rank
greater than or equal to two do not have the AP. This naturally gives rise to
many examples of exact discrete groups without the AP.Comment: Version 4, 29 pages. Minor correction