Alain Demarolles, general manager for Europe of society Eton Park and former economic
Christine Lagarde has appointed Alain Demarolles, general manager for Europe of society Eton Park and former economic adviser to the former Prime Minister Dominique de Villepin, a mission on the development of sovereign funds, announces the Ministry of Economy and Finance.
"Phenomenon old, the creation and development of sovereign funds has grown further during recent years. The number of funds, the amounts of assets they hold and enlarging their scope of investment are today Today significant financial actors, "says Bercy in a statement.
"Christine Lagarde has therefore asked Alain Demarolles to reflect on these new players who are also the subject of debate at the international level," added the ministry.
"It will highlight the role of new funds but also provide guidance to define a strategy of France vis-à-vis funds sovereign," he says.
In January, Nicolas Sarkozy announced that France would use the Caisse des Depots et Consignations (CDC) to protect its business and defend its "vital economic interests".
"Faced with the rise of hedge funds and highly aggressive fund sovereign and obey no economic logic, there is no question that France remains unchecked, it is not a question of laissez faire" He said by adopting the accents of Dominique de Villepin, to campaign for "economic patriotism".
"France assumes the political choice, a strategic choice to protect their businesses, to give them the means to defend itself and develop. I want the Caisse des Depots is the instrument of this policy for the protection and promotion of interests Economic issues in the nation, "he added.
"Phenomenon old, the creation and development of sovereign funds has grown further during recent years. The number of funds, the amounts of assets they hold and enlarging their scope of investment are today Today significant financial actors, "says Bercy in a statement.
"Christine Lagarde has therefore asked Alain Demarolles to reflect on these new players who are also the subject of debate at the international level," added the ministry.
"It will highlight the role of new funds but also provide guidance to define a strategy of France vis-à-vis funds sovereign," he says.
In January, Nicolas Sarkozy announced that France would use the Caisse des Depots et Consignations (CDC) to protect its business and defend its "vital economic interests".
"Faced with the rise of hedge funds and highly aggressive fund sovereign and obey no economic logic, there is no question that France remains unchecked, it is not a question of laissez faire" He said by adopting the accents of Dominique de Villepin, to campaign for "economic patriotism".
"France assumes the political choice, a strategic choice to protect their businesses, to give them the means to defend itself and develop. I want the Caisse des Depots is the instrument of this policy for the protection and promotion of interests Economic issues in the nation, "he added.
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12:43 PM
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