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France unveils 26 bn euro stimulus plan

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  • Published On: December 04, 2008
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French President Nicolas Sarkozy unveiled on Thursday a 26 billion ($33 billion) stimulus plan to ward off recession and shore up automakers and construction. The measures include around 1.3 billion to help carmakers avoid more layoffs as sales tumble. Sarkozy floated the possibility of increasing that aid if US automakers succeed in tapping a skeptical Congress for rescue funding.
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