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Latest update: 16/12/2009
- finance - financial crisis - France - French economy - Nicolas Sarkozy - university
French national debt: the grand loan, the big tax ?
Nicolas Sarkozy announced on Monday that the French government will invest 35 billion euros in five major areas, including universities, research, green energies and digital economy. 13 billion of this national loan will come from the reimbursement of money borrowed by French banks during the financial crisis. The opposition accuses the government of further damaging public finances. Is today's big loan tomorrow's big taxation?
With Guillaume Duval, Managing Editor, Alternatives Economiques and Guy Numa, Assistant Professor of Economics, Paris Dauphine University.
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Comments (2)
On the badness of national debt
I've just added a link to this interview on my new blog http://publicdebts.wordpress.com
I would like to point out that there is a third way. Besides borrowing and raising taxes, the government or State had the sovereignty of issuing its own currency and managing the money supply.
In Eurozone, this would now mean to face the European Central Bank like an enlightened person, not like an ignoramus, hypnotised by mass media and economic language.
Amicalement,
Sabine
Organiser, http://www.ForumforStableCurrencies.info
Publisher, http://NationaleSchulden.eu
Face off on Afghan troop surge
Your episode of Face-off which is suppose to be a debate, was nothing of the sort. Where on earth did you find such a negative untypcial American analyst that does not even think the wasr has anything to do with 9/11. How about getting a real opposing view, like those that support the troop surge to debate, that find the French position most unhelpful and unsupportive in dealing with the real terrorist threats facing all civilized nations.
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