Financial Times FT.com

France claims lead on recovery in Europe

By Esther Bintliff in Paris

Published: May 17 2009 22:54 | Last updated: May 17 2009 22:54

France is four months ahead of other European countries in its economic recovery plan, according to the minister in charge of the €26bn fiscal stimulus announced by President Nicolas Sarkozy in December.

In an interview with the Financial Times, Patrick Devedjian, minister for economic recovery and a close adviser to Mr Sarkozy, said France had managed to speed ahead because its centralised system allowed the government to mobilise resources more quickly.

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