Large loan "not a recovery plan"
Nicolas Sarkozy has unveiled Monday its decision on the great debt of 35 billion euros, of which 22 billion will be raised on the markets. Priority is given to research and teaching, which will receive 11 billion euros.
At his press conference, the Head of State said "we must prepare France for the challenges of the future." In total, then 60 billion euros to be invested in the 5 priority areas identified by the Head of State. One of the questions when considering the large loan was for the financing. Nicolas Sarkozy has decided: the state will raise 22 billion euros on the market. Individuals will not be sought, it would have cost "one billion" over, prompted the head of state.In addition, 13 billion will be financed by aid funds reimbursed by the banks.
Laurence Boone, chief economist at Capital Barcalys analyzes the decisions announced by the President of the Republic. Explanations: