Greater borrowing choices Sarkozy
Nicolas Sarkozy unveiled Monday morning during a press conference at the Elysee Palace, his final arbitration on the general borrowing. An announcement comes more than two weeks after submission of the report of the Committee-Rocard Juppe, in charge of determining "the strategic priorities for investment and domestic borrowing. The Head of State took its time in the interval, receiving unions and consecrating a shift on this subject last week in Alsace. An inordinate delay on the part of the Elysee. "To spend 35 billion euros, is not nothing, it takes a bit of reflection," said a government official.
On the merits, the amount and priorities recommended by the two former prime ministers have not caused major problems.The government feels "quite consistent" with the report's proposals: the head of state has already said he would follow "broadly."
Elysee Matignon and paid closer attention to prioritization. The Committee recommends investing 35 billion of public money which, coupled with private funds, could reach 60 billion of new investments. A portion of public money – 13 billion – will come from money borrowed last year by the government to support banks, which have paid much since. The Head of State should announce that in 2010 France will borrow twenty billion more, a level considered tolerable for the public finances by officials of Bercy. A priori, the loan should be exclusively reserved for markets.The idea of opening some individuals, which is mainly political advantage in strengthening adherence to the French investment in the future is rejected by most government advisers who find it too expensive. Nicolas Sarkozy is expected on this very subject this morning.
As for investment priorities, the cursor should be slightly adjusted.Perhaps a little more towards the industry, much less on research – which is carving out the lion's share of recommendations Juppe and Rocard, with a budget of 16 billion euros.
Beyond the substance, the advisers of the Elysee have mostly reworked the governance component of the report: who will handle money and how? "We do not want to create a gas plant," observes one government where one is not willing to sprinkle the funds raised through borrowing.
Matignon should have the task of managing the money
The report Juppe-Rocard proposed the establishment of three branches (a branch of renewable energies, a digital campus and Excellence). "Why create new structures? Both use what already exists, "says an adviser. This will Matignon – "the place par excellence Inter, says one – which should have the task of managing the money borrowed.The question of appointing a minister of the loan, the report rejected by Rocard-Juppe, has not been finally determined either. Rather than a minister, Nicolas Sarkozy could create a post of high commissioner, less political and more easily placed under the authority of the Prime Minister. The bill will be considered large loan January 20 the Council of Ministers.
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»COMPUTER GRAPHICS – How much is 35 billion?
"Rocard and draw the Juppe of France tomorrow
"Higher education and research are built in priority