Sarkozy pledges to cut in deficit, sell reserves

French Finance Minister Nicolas Sarkozy has promised to bring the country's deficit under control and also proposed to sell some of the gold held at the Bank of France.

In his first major economic policy speech since being named in late March, Sarkozy said: "We must ... respect in 2005 the commitment of a public deficit of less than three percent of GDP".

This year he said the government should not spend any more than the 283.7 billion euros (342.2 billion dollars) already budgeted.

In order to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.