Nicolas Sarkozy does not want a "strict policy"

Accompanied by his Ministers of Economy Christine Lagarde, the revival Patrick Devedjian, Industry Christian Estrosi and Secretary of State for Defense Hubert Falco, Nicolas Sarkozy said the government would "continue to support the economy "but a" strict policy "would be excluded.

During a speech about three quarters of an hour, the head of state said that economic policy led by France during the crisis was "good", but it should continue to vigilant. "When we see that France has the smallest recession, we still must honestly say that economic policy is conducted for something," he said.Point by point, he defended the recovery plan: the bailout of banks' not a euro cost to taxpayers, "the premium breaks that" has benefited 500,000 vehicles or the creation of ombudsman credit allowed to "save 160,000 jobs" …

But Nicolas Sarkozy, "the time is not complacency, while unemployment continues to rise. "This is not because the economic indicators are improving that the crisis is behind us," he said. As such, he called to act soberly, avoiding both over-react "or" under-react. "

Regarding the economic outlook for the current year, Nicolas Sarkozy said that French GDP would decline from 2 to 2.1% in 2009. The forecast growth of government is currently -2.25% and the economy minister, Christine Lagarde, had mentioned last week a decline of 2.2%.

Eliminating the excesses of capitalism

Regarding the appointment of Michel Barnier at the French post of European Commissioner for Internal Market, which will also support financial services, the Head of State said that it would promote a European financial model as opposed to Anglo-Saxon. "The crisis has come adrift of Anglo-Saxon, I want the world to win the European model that has nothing to do with the excesses of financial capitalism," he said. Last Saturday, before the national council of the UMP, he welcomed the appointment of Michel Barnier, calling it a "triumph" of French ideas in regulation.

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Posted by admin in business, money, resources, technology, world on December 1, 2009

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