Peugot

Sarkozy Hands Out Free Money To Bankrupt Auto Industry

Good old saint Nick Sarkozy has just handed each major French automaker a gift of 2 Billion Euros. That is a TON of money, actually TONS! Sarkozy claims to have a six percent interest on the loan but insiders have said that does not have to be paid and will be forgiven. Where this money came from no one really knows. Why it was a gift and not nationalization is semantically at best.

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