Special Report: Global Financial
Crisis
PARIS, Jan. 6 (Xinhua) -- The French government's
planned funds for stimulating growth to ward off recession has totaled 428
billion euros, a government minister said Tuesday.
Apart from 360 billion euros to help troubled banks,
the government in December spent 22 billion euros to help small and medium-sized
enterprises, 20 billion for "strategic" investment and 26 billion for other
projects to stimulate the economy, said Patrick Devedjian, the newly appointed
minister for economic recovery.
France intends to spend more than 40 percent of its
economic stimulus investment on infrastructure projects such as railways and
seaports, according to a plan the government presented in early December.
Devedjian, appointed by President Nicolas Sarkozy
last month, was assigned to carry out plans to stimulate the economy, including
supervising implementation of investment by government bodies.
