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France, Unlike U.S., Is Deep Into Stimulus Projects
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France is moving quickly with spending on the $37 billion stimulus. Public buildings, museums, cathedrals and historical sites are being renovated in 2009. About 50 chateaus, and 75 cathedrals are part of 100 million euros for cultural centres. About 75% of France's stimulus money will be spent in 2009, in contrast to the slow work in the USA.
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France's stimulus spending
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The spending of 75% of stimulus money in 2009.
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China moved the fastest, the USA very slowly, with two different political systems and sense of crisis, and infrastructure project speed capabilities. The French also moved quickly. Of $37 billion in spending for infrastructure stimulus, about 75% will be completed in 2009. India is slow but France's experience shows democratic governments or political systems are not necessarily the cause of slow execution.
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New York Times 09/06/2011
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France, Unlike U.S., Is Deep Into Stimulus Projects
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Lots of Stimulus Money and Concerns About Where to Put It to Work
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