The Euro will negatively react to the arrest of Sarkozy
In France, the detained former President Nicolas Sarkozy. The period of detention is limited to 48 hours, after that a former French head of state to be indicted. In the spring of 2012 the French newspaper Mediapart published a document which stated the transfer of the Libyan regime of 50 million euros to meet the needs of the presidential campaign Sarkozy. Litigation on this matter continues in France until now.
The topic is Libya again came to the fore last week, when it was reported that more than 10 billion euros, frozen in 2010, disappeared from the accounts of former Libyan leader Muammar Gaddafi in Euroclear Bank. The foreign Ministry of Belgium, the media called incorrect, but to deny it, however, did not. The money Gaddafi has lost somewhere between 2013 and 2017.
This brings to mind another old story. The claim of the Sovereign Fund of Libya to Goldman Sachs to transactions that were committed in the period from 2007 to 2009. In the transaction, including, included currency options and other financial derivatives. In the future, Goldman Sachs said that at the trades lost 98% of the funds describing the cause of loss in a financial crisis. However, London’s high court sided with Goldman Sachs in litigation with the Sovereign investment Fund of Libya.
The end started the story with the detention of Nicolas Sarkozy is hard to say. It is possible that released as part of the investigation the information will be very loud and not everyone will like. Maybe France is waiting for a big political scandal and political crisis that will be a slight negative for French securities and EUR.
So in conclusion, with high probability, in the West, soon there will be people who will be accused of trouble Nicolas Sarkozy agents of the Kremlin or the ubiquitous Russian hackers.
The Director of analytical Department,