Courageous clarity before the elections

French President Nicolas Sarkozy took a courageous stand with his blood, sweat and tears speech, the business paper Hospodářské noviny writes: "Three years ago in Toulon Sarkozy made clear for the first time the gravity of the crisis. Yesterday in the same location he evoked a fear that paralyses consumers and spooks investors. Many French people may not have been happy that Sarkozy expressed what people outside France have long been saying: namely that for decades one of Europe's biggest countries has lived above its means. It takes courage to say something like that just a few months before elections. But Sarkozy will need even more courage than that next week when he has to present an action plan for the crisis together with German Chancellor Merkel at the upcoming EU summit."

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