Sarkozy pledges to achieve budget surplus

President Nicolas Sarkozy pledged to achieve a budget surplus for the first time since 1974 and cut France’s swelling debt if re-elected on May 6, warning that his Socialist rival would lead the country towards the fate of Greece or Spain.

Sarkozy pledges to achieve budget surplus

Presenting an austere manifesto less than three weeks before the first round of voting on Apr 22, Sarkozy said he would put a “golden rule” to parliament in July committing France to balance its budget as promised to its European partners.

“Some countries in Europe are on the edge of a precipice today. We cannot refuse to make the historic choice of competitiveness, innovation and reducing public spending,” said the conservative incumbent, who trails Socialist Francois Hollande in all polls for the decisive run-off.

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