Several German leaders reject Sarkozy's economic proposals
Posted by Editor on October 21, 2008 at 02:45 PM
Thomson Reuters reports that, “Germany poured cold water on French President Nicolas Sarkozy’s proposal that Europe should have its own sovereign wealth funds to take stakes in companies stricken by the global finance crisis.”
iT ADDS THAT, “Economy Minister Michael Glos, leading a chorus of opposition from Berlin, said in a newspaper interview to be published on Wednesday that Sarkozy’s plan ran counter to the system that has worked well in Europe for decades.”