22.10.2008 - Idea of SWFs divides Europeans
From IHT: With some European corporate gems trading at beaten-down prices because of recent market turbulence, President Nicolas Sarkozy of France on Tuesday suggested that European leaders should set up their own sovereign wealth funds to buy stakes in crucial industries to shield them from potential foreign raiders. The widely differing reactions to the French proposal refocused attention on the fierce tug-of-war under way between those European countries eager to see government take a more active and expansive role in responding to the financial turmoil and its impact on the economy, and those intent on keeping state intervention to an absolute minimum..... Full Article: Source