5 billion and sustainable development 5 billion

The road had been well marked. With almost all of the recommendations of the Juppe-Rocard on the large loan, Nicolas Sarkozy announced during a press conference at the Elysee Palace, yesterday, a public investment of 35 billion euros "exclusively devoted to the priorities for the future." The five selected shipyards are education and training (11 billion), research (8 billion), industry and SMEs (6.5 billion), digital (4.5 billion) and sustainable development (5 billion). The presentation differs from that of the report of the Juppe-Rocard commission (which included seven axes), but most of the recommended actions will be followed, with the exception of the development of sustainable cities (envelope a little planed) and the acceleration of the thermal refurbishment of social housing (aid go to owners and non-housing offices). This allowed the head of the State to spend a little more to the industry, by booking including 1 billion to the States General.

"The turn of the 21st century."

Criticising successive Governments over the last thirty years of having "consistently sacrificed investment", the President of the Republic has justified these new spending "for the country to take full advantage of the recovery, to make it stronger, more competitive, that it creates more jobs". LL is not "a stimulus plan", he insisted, but long-term investments to allow the France "to make the turn of the 21st century." "This can contribute to the stimulus, but we are not in a business case."And even without the crisis, "it would have required this plan". The head of State registered the great loan in line with the Marshall plan, the "électro-nucléaire" plan of the General Gaulle or the development of the TGV. Nevertheless, he admitted the regrettable lack of European-only projects and financing dimension.

Welcoming the resumption of the Juppe-Rocard proposals, one of the rapporteurs of the commission, Olivier Ferrand, already warned: "It investing for the future, not just this year, but every year" (read below), recalling that the investment will remain "very insufficient." Indeed, the calibration of the projects was forced by the capabilities of the France the loan. Specifically, the public effort will be funded by a loan of EUR 22 billion, the remaining 13 billion from the reimbursement by the banks of the funds loaned during the crisis. Nicolas Sarkozy officiated for the proponents of a minimum of budgetary discipline, against those who, behind Henri Guaino, Special Adviser to the head of State, called for a loan of 50-100 billion. "Public investment is a lever for mobilizing private initiatives," explained the President, table a total of 60 billion of public and private investment.

In the same vein, it also decided that the loan would be exclusively lifted markets and not to individuals. "Seek 10 billion public would have cost us EUR 1 billion more."When the interests of the loan, "they will be immediately pledged on additional savings in the current expenses of the State".

"The additional debt."

Trying to explain that the large borrowing was consistent with "a comprehensive recovery strategy for finance public(lireci-dessous), the head of State insisted on the fact that he would focus on assets"that will enrich the country. " But if new expenditures are recorded, the deficit reduction is returned to the Conference of the public finances in January. And the President has made clear that priority remained in support of a hesitant growth.

Although he found that the plan went beyond the divisions "policies", Nicolas Sarkozy has not escaped criticism of the opposition. The Greens have estimated that choices "are far from meeting the ecological conversion" of the economy. PS has, meanwhile, challenged the funding arrangements: "A loan, it is additional debt!, noted Didier Migaud, Chairman of the Board of Finance of the Assembly.". Can fear that the large borrowing either yesterday tax relief and especially taxes of tomorrow.

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