Sarkozy suggests National Sovereign funds to EU's MEPs

The link to the video report from Euronews is here, the following is a quote: The French President declared that Europe needs a pro-active industrial policy to promote growth. And he suggested creating sovereign wealth funds in EU countries to coordinate a response to the economic slowdown wrought by the crisis. Is this not something that might be deemed as 100 per cent contrary to the whole idea of the European Union? More on this from the IHT, here with some comment on attempt by the French President to retain Presidency of a 16 member Eurozone group throughout next year when the Czech Republic and Sweden (neither members of the doomed currency) will chair the 27 member EU, here. Update added 23/10/08 0800z from Monsters and Critics click here.