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SocGen case separate from credit crisis: Sarkozy

NEW DELHI
Fri Jan 25, 2008 6:09am EST

NEW DELHI (Reuters) - French President Nicolas Sarkozy sought to provide reassurance after the scandal at Societe Generale, saying the crisis was not related to turmoil on world markets and the French financial system was solid.

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"You can't assimilate an internal problem at Societe Generale, which is the result of a large scale internal fraud, with what has happened in the international financial system and which comes from the United States," he told reporters at a news conference during a state visit to India.

He said the results of the Societe Generale scandal "do not affect the solidity and reliability of the French system."

(Reporting by Emmanuel Jarry; writing by James Mackenzie)
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