Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Exiled family returns to Somaliland

Read more

AFRICA NEWS

Central African Republic: Stability still a struggle ahead of 2015 elections

Read more

DEBATE

Rape as a Weapon of War: How to Stop Impunity in Eastern Congo?

Read more

DEBATE

Rape as a Weapon of War: How to Stop Impunity in Eastern Congo? (part 2)

Read more

TALKING EUROPE

Interview with José Manuel Barroso, President of the European Commission

Read more

FOCUS

Indian uranium mines take heavy toll on locals and environment

Read more

MEDIAWATCH

Provocative sculpture 'unplugged'

Read more

ENCORE!

Encore's Film Show: Brad Pitt's 'Fury' and Woody Allen's Magic

Read more

FACE-OFF

François Hollande: The mid-term blues

Read more

France

Sarkozy pledges more aid to crisis-hit farmers

Video by FRANCE 24 , France 3

Text by News Wires

Latest update : 2010-03-07

French President Nicolas Sarkozy appeared at the annual Paris Agriculture Show for its closing day Saturday. He announced an additional 800 million euros in subsidised loans for farmers, bringing the total aid package to 1.8 billion euros.

AFP - French President Nicolas Sarkozy announced Saturday an extra 800 million euros in subsidised loans for farmers hit by the financial crisis, taking to 1.8 billion euros a package for the sector.
  
"The money will be there to finance everything to allow you to tide over the financial crisis," he said at the Paris agricultural show during a round table meeting with farmers' unions.
  


"I will do for the French agriculture sector -- a strategic and key sector -- what we have tried to do for the financial crisis," he said.
  
Sarkozy in October announced one billion euros (1.3 billion dollars) in aid for embattled French farmers, whose revenues were slashed by around a third last year. Dairy farmers saw their incomes halved.
  
The French leader also announced Saturday an extra 50 million euros in aid for badly indebted farmers, taking the total amount to 100 million euros.
  
He pledged to take moves to ensure that markets are better regulated.
  
"From November France will head the G20. We will take the initiative to promote real market regulations for primary agricultural goods to prevent growing speculation," he said.
  
"The farmer is an entrepreneur. He should be able to live off prices and not subsidies," Sarkozy added.
  
Earlier this week, Sarkozy launched a drive to reverse an accelerating decline in French industry, protect jobs and raise manufactured output by 25 percent over five years.
  
The French leader said 6.5 billion euros (8.84 billion dollars) would be assigned to support research and investment from funds raised by a special bond -- "the grand national loan" -- he intends to issue later this year.
  
 

Date created : 2010-03-06

  • FRANCE

    Paris agriculture show opens amid discontent over Sarkozy snub

    Read more

COMMENT(S)