Monday, December 21, 2009

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[Cortix info] Grand borrowing 6.5 billion euros for re-boost the competitiveness of SMEs and SMIs

En rappelant les principales orientations du grand emprunt national, le président de la République Nicolas Sarkozy a réaffirmé dernièrement, sa volonté de soutenir l’activité économique nationale dont la compétitivité des PME et PMI qui s’est particulièrement émoussée lors de cette dernière decade. Cortix you report the main points.

Nicolas Sarkozy has confirmed the great debt of 35 billion euros for "put fuel in the economy" says he.

As expected, this loan will be funded to the tune of 13 billion euros by refunds from banks (aided by the state during the crisis) and the fundraising market by 22 billion euros. He also recalled that over the past ten years, French exports have declined by 20% in the markets of neighboring Eurozone, not only on new emerging markets like China, India or Brazil, so it SMIs and SMEs must be helped first. Inspired

report that gave him the former prime ministers Alain Juppe and Michel Rocard, head of State announced that "Our ambition is excellence and international competition" and has identified five priorities to be financed by domestic borrowing this:
• A budget of EUR 11 billion is allocated to higher education and training,
• 8 billion euros research.
• Industry and SMEs are allocated the sum of 6.5 billion euros, while
• Sustainable Development: 5 billion, and digital
• 4.5 billion euros.

This loan will also support networks of excellence including aeronautics, aerospace, automotive, railway and shipbuilding.

Among the edifying of his speech, Cortix noted for you, the following sentences:

"The crisis has widened our deficits because tax revenues have declined and because we chosen to support the activity. I take that strategy. "

" Our tax burden are also among the highest in the world. So clearly I repeat: the strategy of raising taxes is impossible in France. This is not about ideology, but of competitiveness. "

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