Sarkozy unveils $33 billion stimulus

Published: Dec. 4, 2008 at 8:59 PM
French President unveils economic plan in Douai

PARIS, Dec. 4 (UPI) -- French President Nicolas Sarkozy Thursday unveiled a $33 billion economic stimulus plan aimed at jump starting France's economy.

The stimulus measures include support for the construction and car industries as well as for small businesses, The Financial Times reported.

Sarkozy said the stimulus package would "make a massive effort on investment" rather than boost consumption.

The French government said the stimulus package would add 0.6 percentage points to its gross domestic product in 2009. The package will push France's deficit to 3.9 of its GDP, the newspaper reported.

© 2008 United Press International, Inc. All Rights Reserved.
Order reprints



Additional News Stories
FDA considers new flu vaccine process (43 min)
Dell enters Chinese smartphone market
UPI NewsTrack Business
New terms reached in Google book suit
4 jailed in online bank customer scam
Climate change killing sea turtles
Shrimpers, processors do battle
fark
Another day another student/teacher sex story. With hottie female teacher picture goodness
Career-limiting move of the day: While forwarding himself a copy of a "White Pride" email he wants...
You think you've got a tough job? Imagine being the veterinarian who has to help an elephant lose...
Art caskets: Because nothing symbolizes death with dignity more than being laid out in a "Return...
Cardboard cut-outs of police placed in stores to scare would-be thieves. Drunk decides to take one...
"I saw UFO beam up a buffalo"