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France's Sarkozy pledges aid for farmers

France's Sarkozy pledges aid for farmers

French President Nicolas Sarkozy says the goverment will provide ⁈ion ($1.5 billion) in loans for cash-strapped farmers suffering through the worst agricultural crisis in 30 years.
Sarkozy, facing falling support in polls ahead of upcoming regional elections, says the "unprecedented" aid package is in response to an equally unprecedented crisis in French farming, which has seen prices for production shrink 20 percent over the last year as demand has decreased.
Sarkozy spoke Tuesday at a meeting with farmers in eastern France. Beside loans, Sarkozy also pledged ⁈llion in other aid for the country's farmers, one of the conservative president's core groups of supporters in the last election.


Updated : 2020-12-04 12:49 GMT+08:00