(SomaliNet) French President Nicolas Sarkozy has announced a 26 billion euro stimulus plan to support his country's faltering economy.| 26 billion Euros? Pah, our Federal Reserve can go through that in a day ... |
The plan means that the French budget deficit will increase to 3.9 percent. According to European Union rules, an EU member's budget deficit may not go over three percent. However, member states are being permitted to exceed this limit because of the financial crisis.