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Sovereign Wealth Funds Briefing - Categorized | Market

Nicolas Sarkozy and SWFs

Posted on 28 October 2008

From Countercurrents.org: In a hard-hitting speech to the European Parliament in Strasbourg (France) on October 21, French President Nicolas Sarkozy proposed that European countries should create their own sovereign wealth funds to protect national companies from foreign “predators.”

“I’m asking that we think about the possibility of creating, each one of us, sovereign funds and maybe these national sovereign funds could now and again coordinate to give an industrial response to the crisis,” he told members of the European Parliament….. Full Article: Source


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