Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

French stimulus plan focuses on new technology

[July 09, 2013]  PARIS (AP) -- The French government has unveiled a modest stimulus plan focusing on new technology and ecology, in an attempt to boost an economy that's back in recession and is weighing on overall European prospects.

The 12 billion euro ($15 billion) plan announced Tuesday especially targets green investments, in energy, industry, transport, health and research.

French Prime Minister Jean-Marc Ayrault said revenue from the sale of state stakes in private companies will help finance the program, so that it would have a minimum impact on public finances.

The plan fits with the strategy of Socialist President Francois Hollande, who is trying to control spending but is pushing for growth measures instead of austerity. The government predicts growth of just 0.1 percent this year.

[Associated Press]

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.