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Sarkozy 'exceeded campaign spending limits'

Text by FRANCE 24

Latest update : 2013-07-05

France's top constitutional court said Thursday that former president Nicolas Sarkozy exceeded legal spending limits during his 2012 presidential campaign. The ruling confirms the findings of the country's electoral finance watchdog.

France's top constitutional court said Thursday that former president Nicolas Sarkozy exceeded legal spending limits during his 2012 presidential campaign, confirming the earlier findings of the country's electoral finance watchdog.

The ruling means Sarkozy is no longer eligible to be reimbursed for the 47.5 percent of his campaign spending that he was entitled to under election financing laws and will lose out on an estimated €10 million ($13 million).

Sarkozy will also need to refund the €150,000 he received from the state for his campaign.

The Constitutional Council said in a statement that it was confirming an earlier decision by France's electoral finance watchdog that Sarkozy had declared expenses of nearly €23 million, which exceeds the spending limit by 2.1 percent.

Sarkozy responded by “immediately” resigning from the Constitutional Council, on which all former French presidents are allowed to serve. As France's highest legal body, the council reviews the legality of proposed legislation.

(FRANCE 24 with wires)

 

Date created : 2013-07-04

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