22.10.2008 - French president proposes European SWFs
From Bloomberg.com: French President Nicolas Sarkozy called on European governments to set up sovereign wealth funds to buy stakes in European companies at beaten-down prices and prevent takeovers by overseas predators. Purchases by nationally run investment funds in the wake of the stock-market rout could also spin a profit for governments once share prices recover, Sarkozy told the European Parliament in Strasbourg, France today. Germany called the plan unnecessary..... Full Article: Source