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French Stimulus More Pro-Biz Than US?

From the (admittedly biased) BBC News:

People protest in the streets of the French city of Lyon on January 29.

France unveils stimulus package

Monday, 2 February 2009

France’s Prime Minister Francois Fillon has unveiled a series of measures worth 26bn euros ($33.1bn) designed to "revitalise" the French economy…

The French stimulus plan is split into three parts: 11bn euros to help businesses improve their cashflows; 11bn euros of direct state investment; and 4bn euros of investment by state-owned firms for modernising rail infrastructure, energy and the postal service.

The government expects that the stimulus package will produce economic growth of around 1.3%…

The IMF has forecast a contraction in the French economy of 1.9% this year…

But figures released on Monday showed that manufacturing output in France, along with that in the eurozone as a whole, contracted at a slower rate in January than it did in December.

This has led some analysts to believe that the economic downturn may be easing.

Last week, mass demonstrations broke out as the French vented their displeasure over the government’s handling of the economic crisis.

You know the US is headed in the wrong direction when France turns out a stimulus bill that sounds far more business oriented than our own.

But then again, they don’t have a community organizer at the helm.

Maybe we need more taxpayers setting cars on fire.

This article was posted by Steve on Monday, February 2nd, 2009. Comments are currently closed.

4 Responses to “French Stimulus More Pro-Biz Than US?”

  1. proreason says:

    We have to catch up to the French implementing Socialism before we can do anything for business in this country. After all, we still have an outdated 40-hour work week, for those slivers of the country that don’t qualify for redistibution.

  2. Reality Bytes says:

    OK I’m Done! The last stimulus package from France was called Bridgette. Now That Worked! What do we got?! Madaliene Albright (there I went and done it, Bardot & Albright in one post).

    • Liberals Demise says:

      Gad Zooks Man…..Now I’m in need of a stimulas zinger.That has ruined my night life for the rest of the month. Albright? That knocks the tastebuds right out of my beer can. I can’t go on……….

  3. Confucius says:

    Ditto for China’s stimulus plan.

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