Nicolas Sarkozy has ruled out introducing tough new austerity measures to ease France’s economic crisis.
The French president’s historic address to both houses of parliament was widely trailed as a showcase for his government’s performance – a US style State of the Union.
But while he spoke about creating “a new French model for growth” there was little by way of radical reform.
Sarkozy, who is frequently attacked what he calls “Anglo Saxon capitalism” said the global economic crisis has created a catastrophe that requires us all to question the ideas, values and decisions that’ve led to such results.
Sarkozy, who has frequently attacked what he calls “Anglo Saxon capitalism” said the “global economic crisis has created a catastrophy that requires us all to question the ideas, values and decisions that’ve led to such results.”
He went on to ask parliament to work together to identify useless and ineffective measures and organisations so that the government can take tough decision after the summer break.
Sarkozy’s call instead for a new public loan despite a ballooning budget deficit may go some way to appease public sector workers who have been against his reform measures.
But he will still need to convince the opposition Socialists as they boycotted the debate that followed the address while the Greens and the Communists stayed away altogether.
Sarkozy hails French economic model