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Even the most pessimistic did not envisage such a scenarioAs much more each mine produces its own recipeGlobal growth is strong and more balancedIncluded in many private and national interest especially in rich countries argues it8 Billion in grants are planned for lines TGV 4First part of the device the adjustment of the loyalty programAs such it provides the interface with suppliersIt was more that the reaction of the Paris Europlace association report Lachmann that it had commissioned that the list of the various projects of fusion reactions with Euronext is complete Stay disciplined mastering its leverage effectIt is incredible, this Nicolas Sarkozy. Of course, he loves take others on its head, quilting ideas and men of the opposing camp, be there where would not expected it. But this year, in the greatest financial crisis since the 1930s, the President made 10 times stronger. Others fly to the rescue of the consumer It is concerned to the producer. The economists celebrate the return of Keynes Pay him side Schumpeter. The world faces an historic fall in demand The France practice a policy of the offer. While elle had spent the past three decades to support the application kicked billion euros, accumulating public debt more quickly than its neighbours... Yes, definitely, our President has the taste of the paradoxical audacity. Not without reason.
Obviously, the Government does not say that he is pursuing a policy of offering. The expression is in the closet of the taboo words, next to "reforms" and "rigour". And yet... The battle for the work of Sunday this perspective. It is not intended to support the request. The Germans, for example, have not increased their purchases since their stores are open on Saturday afternoon. No, longer opening hours promotes the offer. It gives merchants more freedom to organize their activities and allows their employees to "work more to earn more." The effect of supply will then generate an additional application is at least what is hoped. The President had to back its ambitions in an exemplary alliance of left and right conservatism (we even read "Sunday is sacred," on the "Humanity"). But he still ripped a bit of flexibility. In contrast to the high school reform left in plan.
This policy of the offer reads even more clearly in the economy support plan announced earlier this month. Nothing to do with the massive relaunch of the practised elsewhere application! In the United States, President George w. Bush had sent to spring a cheque for 1,000 dollars to 100 million households, or an invoice of $ 100 billion. United Kingdom, Gordon Brown has developed the equivalent of EUR 18 billion on the table to reduce VAT, and then recreate the purchasing power. Spain, Jose Luis Zapatero has removed the wealth tax, sent 200 euros all tax homes and increased small pensions of 6. In contrast, only 1 billion announced 26 in France will benefit individuals, with the premium automobile case-sensitive (220 million, seven times less than the exemption from the tax on new cars in Germany) and payment of 200 euros for households that modest (while the Italy will distribute to the less affluent households an acquisition card prepaid from 40 euros per month). Other measures will first to businesses relief of treasuries, AIDS to the hiring, relief of the Code of public markets, etc.
The Grinch will argue that a supply policy passes through reductions of taxes. The President decided last year. And above all, he does not speak of them. Unlike the United Kingdom, where the highest range of the income tax goes to 45 and thus exceed the French rate for the first time since the arrival to power of Margaret Thatcher.
A policy of supply crisis of the application... This boldness has its reasons. First, the France was far behind to catch up with the matter. Then, some measures will support activity, but not immediately. This is the case of public investment. In the scenario of a long crisis which becomes, alas, more likely, these projects will support demand in times of depression and the supply of recovery time. Finally, the France has much more powerful than its neighbours crisis dampers. According to OECD figures, we are the world champions of public expenditure. She weighs 52 of the GDP, without the slightest prospect of decrease next year. And 43 of the French more fifteen years have income insured, because they are employees of public or retired. Nothing to do with the Anglo-Saxon countries, fewer officials and pensions endangered by the taunts of pension funds and companies.
If Nicolas Sarkozy succeeds its policy of supply in full the blues of the application, the France will have benefited from the crisis and it will become a national icon as of Gaulle. If it fails, it will remain in history as the President who has pressed the country. Sacred bet.
