| From Thenational.ae: Mention the term “sovereign wealth fund” in Washington or London, and the typical image you evoke is of a hushed, hypermodern office full of be-robed Gulf State bankers moving huge sums of money into offshore investments – and away from their domestic economies, where, until recently at least, such monies posed a real risk of sparking rampant inflation.
Now the French President Nicolas Sarkozy is trying to flip that image on its head by importing and revamping the sovereign wealth fund model – and he’s pushing the concept in a curiously defensive direction..... Full Article: Source
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