Financial Times FT.com

Sarkozy unveils 'audacious' €26bn stimulus

By Ben Hall in Douai

Published: December 5 2008 02:00 | Last updated: December 5 2008 02:00

Nicolas Sarkozy yesterday unveiled an "ambitious, audacious, imaginative" plan that the French president hopes will stimulate the country's faltering economy. Measures include support for construction and small -businesses.

Mr Sarkozy said the €26bn ($33bn, £22.5bn) package would "make a massive effort on investment" rather than boost consumption. However, economists said the short-term impact on growth would be limited.

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