2008 Société Générale trading loss positions built up by Kerviel. This has led to speculation that stock market turbulence caused the Federal Reserve Board to cut the rate. A Federal Reserve spokesperson denied the central bank knew of Société Générale's situation when it made its decision. It is estimated that over the period the total trading in futures and the cash market for the Euro Stoxx 50 was €544 billion. This would make the unwinding of Kerviel’s position account for five per cent or less of overall activity. Société Générale's investment banking chief, Jean Pierre Mustier, acknowledged that the three days of forced selling played
Vatopedi the French Bibliothèque Nationale, which includes numerous peripluses, extracts from Strabo and Ptolemy's geographical works, and early maps. In September 2008, the monastery was implicated in an alleged real estate scandal. The monastery is being accused of trading low-value land for high-value state property in a deal with the New Democracy government of Prime Minister Kostas Karamanlis. The cost to the state is believed to have been at least €100 million. The financial writer Michael Lewis reports that a Greek parliamentary commission estimated the value of government property received by the monastery at one billion euros. Michael Lewis, in his