Focus on France 18 November 2009

Borrowing big to fix France's economic woes

by Sarah Elzas

Article published on the 2009-11-18 Latest update 2009-11-18 16:26 TU

French President Nicolas Sarkozy announced this summer that he wants the government to borrow a large amount of money to boost the country's economic recovery. An advisory committee is to release a report Thursday on the plan, dubbed the 'Grand Emprunt', or Great Loan. The authors are now backing away from initial plans to borrow from individual investors, instead raising money from the market. And ultimately, many say it's about where the money will be spent, not where it comes from.

Focus on France: France's public spending deficit

18/11/2009 by Sarah Elzas

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