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

Proposal for European Monetary Fund meets resistance

Posted on 11 March 2010

From Nytimes.com: The German proposal to establish a European monetary fund ran into skepticism at home and abroad Tuesday, highlighting the political and legal hurdles that such an undertaking would face.
In her first public reaction, the French economy minister, Christine Lagarde, described the idea as interesting, but not urgent. “It does not appear to me to be the absolute priority in the short term,” Ms. Lagarde said on the sidelines of a banking event here………………………………………Full Article: Source


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