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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Sarkozy promises €26bn state aid package for French economy

Posted on 05 December 2008

From Timesonline.co.uk: President Sarkozy today promised €26 billion (£22.6 billion) of state aid and investment to revive the economy and help France’s big car industry stave off collapse in the face of foreign competition.

“This crisis is an ordeal, a painful ordeal and a terrible ordeal, but we have to keep faith in the future,” Mr Sarkozy said, in a solemn speech delivered by a Renault factory at the northern town of Douai….. Full Article: Source


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