Sarkozy to push for tax on hedge funds

Date: Thursday, February 15, 2007
Author: Financial Times

Nicolas Sarkozy will push for a European tax on "speculative movements" by financial groups, such as hedge funds, if he wins this year's French presidential elections.

The centre-right candidate to replace Jacques Chirac said in comments published by Wednesday's Les Echos, the Financial Times's sister newspaper, that he aimed to "raise moral standards and improve security in financial capitalism".