Global Insight: Sarkozy’s debt adventure

Analysis feature discusses French President Nicolas Sarkozy's proposal to launch a national savings bond to fund investment in the future of France announced in June 2009. However, opinion polls suggest 82% of French people have no intention of taking up Mr Sarkozy’s bond. They seem to have recognised that Mr Sarkozy’s bond may be nothing more than yet another debt burden, and one for which in the end they will have to pay.

ESO: Background information: Sarkozy rejects austerity measures http://www.europeansources.info/record/sarkozy-rejects-austerity-measures/

ESO: Background information: French premier warns on deficit http://www.europeansources.info/record/french-premier-warns-on-deficit/

The Economist, No.8639, 11.7.09: French sovereign debt Of human superbondage http://www.economist.com/world/europe/displaystory.cfm?story_id=13996423

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