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

SWF designed to boost France’s economic security

Posted on 28 October 2008

From Xinhuanet.com: France’s plan to create a sovereign wealth fund is a part of the country’s efforts to guarantee its economic security out of the current world financial crisis.

The fund, announced by French President Nicolas Sarkozy on Thursday, is designed to protect the strategically important French enterprises threatened by the global credit crunch and prevent those companies from foreign takeover, the latest manifestation of economic patriotism in the country….. Full Article: Source


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