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NICOLAS SARKOZY AND THE FRENCH REFORMS - What will the outcome be?


France excels in both producing and ignoring official reports. Two years ago, Michel Pébereau, chairman of PNB Paribas, wrote one of how to cure the French addiction to pulic spending. A year before that, Michel Camdessus, a former IMF boss, penned another how to boost economic growth. The then finance minister Nicolas Sarkozy, called the Camdessus report his "bedside reading". Will he implement what he has read in that report?