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Douai is the site of a large Renault factory. Apparently part of the stimulus will include a payment from the government to turn in your old voiture, and another subsidy if you purchase a new one from a French manufacturer.
Sarkozy Set to Announce Stimulus Plan Exceeding $25 Billion
Dec. 4 (Bloomberg) -- French President Nicolas Sarkozy is set to announce today what he has called a “massive” plan to spur growth in an economy teetering on the brink of recession.
The aid, which Sarkozy will detail in a speech in Douai, in northern France, may exceed 1 percent of gross domestic product, or 20 billion euros ($25 billion), Finance Minister Christine Lagarde said last week. The package will total about 25 billion euros, Les Echos reported today, without citing sources.
“We’ll announce a quite massive stimulus plan for tackling the difficulties of the car industry” and “to reinforce construction,” Sarkozy said in Valenciennes on Nov. 25...
...In recent weeks, Sarkozy has established a fund of 6 billion euros to strengthen the capital of “strategic” companies and said the government will buy 30,000 homes at discount prices from property developers, and pledged measures including loans to help first-time home buyers... [Long live the FIRE economy
]
Dec. 4 (Bloomberg) -- French President Nicolas Sarkozy is set to announce today what he has called a “massive” plan to spur growth in an economy teetering on the brink of recession.
The aid, which Sarkozy will detail in a speech in Douai, in northern France, may exceed 1 percent of gross domestic product, or 20 billion euros ($25 billion), Finance Minister Christine Lagarde said last week. The package will total about 25 billion euros, Les Echos reported today, without citing sources.
“We’ll announce a quite massive stimulus plan for tackling the difficulties of the car industry” and “to reinforce construction,” Sarkozy said in Valenciennes on Nov. 25...
...In recent weeks, Sarkozy has established a fund of 6 billion euros to strengthen the capital of “strategic” companies and said the government will buy 30,000 homes at discount prices from property developers, and pledged measures including loans to help first-time home buyers... [Long live the FIRE economy
]
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