France Unveils 26-Billion-Euro Stimulus Plan

DOUAI, France -- French President Nicolas Sarkozy said Thursday he plans to spend his way out of recession with a euro26 billion ($33 billion) stimulus plan designed to boost growth by 0.6%age points in 2009.

The measures -- announced in Douai, Northern France, near a Renault factory -- include around 1.3 billion euros for French carmakers to avoid more layoffs as car sales tumble.

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