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Europe
Sarkozy announces 26 billion euro stimulus package
2008-12-06
(SomaliNet) French President Nicolas Sarkozy has announced a 26 billion euro stimulus plan to support his country's faltering economy.
26 billion Euros? Pah, our Federal Reserve can go through that in a day ...
Ten billion euros are to be spent on infrastructure projects. Four billion euros will go to higher education, sustainable development and the defence industries. The housing and automobile sectors will receive almost three billion euros.

The plan means that the French budget deficit will increase to 3.9 percent. According to European Union rules, an EU member's budget deficit may not go over three percent. However, member states are being permitted to exceed this limit because of the financial crisis.
Posted by:Fred

#2  Even Master Fred is permitted the [very] occasional mistake, Canuckistan sniper. His statistics are overall pretty good. ;-)
Posted by: trailing wife   2008-12-06 20:26  

#1  GREAT WHITE NORTH?????????????


Why is this article considered to be the GREAT WHITE NORTH????



Please don't insult us this way.  Thank you.



signed:  those of us in the GREAT WHITE NORTH
Posted by: Canuckistan sniper   2008-12-06 11:52  

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