Sarkozy unveils €26bn stimulus package

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Series Details 5.12.08
Publication Date 05/12/2008
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Nicolas Sarkozy unveiled on the 4 December 2008 an 'ambitious, audacious, imaginative' plan that the French president hopes will stimulate the country’s faltering economy. Measures include support for construction, the car industry and small businesses. Mr Sarkozy said the €26bn package would 'make a massive effort on investment' rather than boost consumption. However, economists said the short-term impact on growth would be limited.

Related Links
BBC News, 4.12.08: France unveils huge stimulus plan http://news.bbc.co.uk/1/hi/world/europe/7764673.stm
France24, 4.12.08: French €26bn stimulus plan to boost investment http://www.france24.com/en/20081204-sarkozy-26-billion-euro-stimulus-plan-targets-investment-projects-financial-crisis

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