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Europe Daily Bulletin No. 9766

22 October 2008
THE DAY IN POLITICS / (eu) ep/european council
Economic crisis dominates Parliamentary debate with President of European Council - Nicolas Sarkozy proposes creation of national sovereign wealth funds in Europe and coordination mechanism

Strasbourg, 21/10/2008 (Agence Europe) - Just as he had done in July, on Tuesday 21 October, the President of the European Council, Nicolas Sarkozy, spent over two hours in a discussion with MEPs on the various crises the French Presidency has had to deal with. While stressing the need to “radically reform capitalism” and ensure European economic coordination, he proposed the creation of National Sovereign Wealth Funds to avoid predators buying European industries on the cheap, when...

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