Sarkozy tells it as it is.
For the complete report from the Telegraph click on this link
French President Nicolas Sarkozy accuses Gordon Brown of ruining British economy(and criticizes US recovery plan)
Nicolas Sarkozy, the French President, has accused Gordon Brown of ruining the Britain's economy and vowed not to repeat his mistakes in a frank interview which has sparked a cross-channel diplomatic row. Said Sarkozy: "In France, we chose investment because when we put France into debt by taking money to invest, in return we have assets, infrastructure. When you put your country into debt to pay for operating costs, you have nothing in return for your debt and you ruin the country. If the English did that it's because they don't have any industry left. Gordon Brown cannot do what I am doing with car makers [giving them up to 6 billion euros... in construction and other industries, because they haven't got any left. In the US, bipartisan talks are underway to reduce the size of the American stimulus. There are Democrats as well as Republicans who think that the $920billion package contains a good deal of waste in it. When you examine some of the detail it's clear there is hundreds of billions of dollars worth of rubbish included which will not create recovery and only saddle the US with higher debt. A $1.5 billion package spent on broadband for rural areas? I bet that'll be efficiently spent. That's one of the items which will likely come out, and by the end the stimulus is expected to be at least $90billion smaller than originally envisaged."
Note EU-Digest: Mr. Sarkozy understands that in order to get an economy going again you need to get people working, not finance the culprits who caused the problem.
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