Sarkozy woes push UMP party to brink of bankruptcy

Author (Corporate)
Series Title
Series Details 05.07.13
Publication Date 05/07/2013
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France’s main opposition Union for a Popular Movement (UMP) party edged closer to bankruptcy in 2013 after France’s top court, the Constitutional Council, confirmed on the 4 July 2013 that presidential nominee Nicolas Sarkozy had exceeded spending limits in the presidential election in 2012 and would not be receiving €11m in state subsidies.

Mr Sarkozy resigned from the Council in protest at the move on the 4 July 2013. As a former French president he had automatically became a member of the constitutional body after his failure in the election in May 2012.

Source Link Link to Main Source http://www.france24.com/en/20130705-ump-financial-hardship-sarkozy-campaign-overspending-cope-fundraising
Related Links
ESO: Background information: French presidential election, 2012 http://www.europeansources.info/record/french-presidential-election-2012/
BBC News, 05.07.13: Sarkozy seeks donations on Facebook for hard-up party http://www.bbc.co.uk/news/world-europe-23194448
Reuters, 04.07.13: French court says Sarkozy overspent state funds in 2012 campaign http://uk.reuters.com/article/2013/07/04/uk-france-sarkozy-idUKBRE9630L720130704

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