Debt will continue to rise as the government increases spending ahead of presidential and parliamentary elections, Glapinski said in an interview in Warsaw yesterday. That may push debt levels beyond the constitutional threshold that triggers austerity measures, he said.
Sarkozy’s ‘Grand Loan’ to Pile on Record French Debt (Correct) (Bloomberg)
(Corrects to remove forecast for debt level including extra borrowing in 18th paragraph.) Sept. 30 (Bloomberg) — French President Nicolas Sarkozy says that even with a record budget deficit, France needs to spend more borrowed money to kick start economic growth.
Victor sewer consolidation plan approved (Rochester Democrat and Chronicle)
By a 4-to-1 vote Monday night, the Victor Town Board approved sewer district consolidation.
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