Sarkozy: France's finances still solid
Updated on 25 January 2008
The French president today insisted that Societe Generale's £3.7bn loss had not made France's economy unstable.
French President Nicholas Sarkozy today said the rogue trader who caused a closs to Societe Generale had committed a "large scale internal fraud" but insisted the loss did not call into question the solidity of France's financial system.
He said it was not related to the wider share market turmoil. Jerome Kerviel, the 31-year-old trader accused of the biggest single trading loss in history is still yet to appear.
