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Home > News > Sarkozy May Extend `Grand Loan' Over Two Years, Adviser Says

October 30th, 2009

Sarkozy May Extend `Grand Loan' Over Two Years, Adviser Says

Abstract:
President Nicolas Sarkozy's proposed "grand loan" to fund French industry and infrastructure may amount to 35 billion euros ($52 billion) over two years, said a former prime minister who is preparing a report on the plan.

Possible uses for the money include developing new aircraft and electric cars and funding nanotechnology research and biofuels, Rocard said.

"There are many things" that would make sense, he said. "France is well placed to take a leadership role in nanotechnology."

Source:
bloomberg.com

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