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/ 26 February 2008

Sarkozy hits out at Société Générale chief

French President Nicolas Sarkozy sharply criticised the chairperson of scandal-hit bank Société Générale in an interview published on Tuesday, saying his response to billion-euro losses was "not normal". "When the president of a company sees losses of that magnitude and does not draw conclusions from it, that’s not normal," Sarkozy said.