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New French President Nicolas Sarkozy’s election promises began to materialize on Wednesday as the French parliament gave the nod to new fiscal measures.
Sarkozy’s election campaign promised a number of measures to boost the French economy, which has indeed been showing positive signs in recent weeks.
Many of the measures passed Wednesday will benefit the taxpayer and the homeowner. They include a decrease in inheritance tax and the exclusion from taxes, while homeowners will benefit from decreased mortgage payments.
The French government also promises to limit ‘golden parachute’ payments to senior executives.
Meanwhile, the up and coming momentum in the French economy was reflected in increased car registrations there announced Wednesday.
The CCFA confirmed that new car registrations were up 21 percent in July to 183,365.
Despite the recent improvements in the French economy, it has gained something of a reputation as l’enfant terrible of the euro-zone as it has extended some heavy criticism of the European Central Bank’s economic policies.
15:07
Posted on Aug-02-2007
