Sqlite issue with unicode strings

unicodeissue.py

# coding=utf8

import sqlite3

# Read ourselves, here is a failing character: é
file = open("unicodeissue.py", "r")
text = file.read()
file.close()

args = {"Value": text}

# Open sqlite db in memory
conn = sqlite3.connect(":memory:")
cursor = conn.cursor()

# Create table and add values
cursor.execute("CREATE TABLE test (_id integer PRIMARY KEY, Value text)");
cursor.execute("INSERT INTO test VALUES (NULL, :Value)", args);