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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

France to create a SWF

Posted on 24 October 2008

From AP: French President Nicolas Sarkozy has proposed creating a state-run investment fund aimed at defending French companies from unwanted predators and helping small companies in difficulty.

Sarkozy said the global financial crisis proved the need for governments to play a role in the economy. “The moment has come to give the state the instruments it needs to intervene directly in the economy when it considers that strategic interests of the nation are threatened,” he said….. Full Article: Source


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