Societe Generale boss: 'More co-ordination needed in EU'

France should be cutting taxes rather than raising them, says the chief of one of the countries biggest banks, Societe Generale.

Frederic Oudea's comments follow an exodus by some of France's rich due to a new wealth tax.

He also told BBC's Tanya Beckett that governments across the eurozone need "more co-ordination" to ensure a strong rebound in economic growth in 2013.

BBC News