Sarkozy and Brown plan further European aid

French president Nicolas Sarkozy believes a fresh fiscal stimulus will help Europe through its predicted economic decline and therefore ensure France remains an attractive location for overseas property investment.

President Sarkozy joined forces with prime minister Gordon Brown and European Commission president Jose Manuel Barroso to call for a Europe-wide aid package to fight off a recession, with the measures planned by US president-elect Barack Obama used by the leaders as evidence that their proposed course is the right one.

Mr Sarkozy also denied claims that a rift had developed between the leaders of France and Britain on one side and Germany on the other.

German chancellor Angela Merkel is thought to be skeptical of the plan and was absent from the summit held in London yesterday (December 8th).

However, Mr Sarkozy said there is "no disagreement" between the countries.

France recently announced a 20 billion euros stimulus package of its own which targets the auto and construction sectors.

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