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France

Sarkozy turns back on 'Anglo-Saxon model'

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Text by News Wires

Latest update : 2012-04-13

Once known as "Sarkozy the American" for his support of liberal economics, the French president has accused Britain's Financial Times of blindly advocating an "Anglo-Saxon model" in its criticism of his economic policies.

AFP - French President Nicolas Sarkozy, in the midst of a re-election campaign, has taken aim at the British Financial Times daily, accusing it of blindly supporting the "Anglo-Saxon model" of economics.

"They don't agree with me, which I really rejoice in that, you know, because I don't agree with them," Sarkozy said during a television debate Thursday on France 2.

"The FT, as they say in informed circles, has always defended the Anglo-Saxon model, considering the French incorrigible and that we would do better to align ourselves to the Anglo-Saxon model," he added.

Sarkozy faces a tough fight against French Socialist presidential frontrunner Francois Hollande over two rounds of voting on April 22 and May 6.

"The FT has thought for many years that the solution for the world is that there should be no law... I think exactly the opposite," Sarkozy said.

"The FT explains to us that it is necessary to act exactly like Britain, which is in a far worse economic situation than France."

His comments came after the Financial Times published a piece headlined "Broken promises come back to haunt Sarkozy."

In it the paper said that the French president's promises to raise spending power and create more jobs "are now being thrown back in his face as broken promises".


Date created : 2012-04-13

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