Showing posts with label President. Show all posts
Showing posts with label President. Show all posts

Thursday, 25 September 2025

Nicolas Sarkozy Sentenced to Prison


Former French President
Nicolas Sarkozy has been sentenced to five years in jail after a court found him guilty of criminal conspiracy related to illegal dealings with Libya. This is an unprecedented and harsher-than-expected punishment for a leading French political figure.

Sarkozy, who served as president from 2007 to 2012, was convicted for his close aides' efforts to procure funds from Muammar Gaddafi's Libya for his 2007 presidential campaign. Although the court acquitted him of corruption and illegal campaign financing, the judge ruled that he was guilty of criminal conspiracy for allowing aides to seek financing in Libya.

Immediate Jail Time Despite Appeal

The sentence is immediately enforceable. The judge stated that the 70-year-old former president must report to jail within about a month.

Upon exiting the courtroom, Sarkozy, who has always denied the charges, expressed his strong disapproval of the ruling. He stated, "What happened today... is of extreme gravity in regard to the rule of law," and added that he would "sleep in jail... with my head held high," maintaining that he is innocent and the ruling is scandalous.

The court noted that while there was no proof that money directly reached his campaign, the timing and the "very opaque" paths of the money transfers were "compatible" with the conspiracy. The court also clarified that its ruling covers the period between 2005 and 2007, before he became president and was covered by presidential immunity.

Sarkozy's Ongoing Legal Challenges

Sarkozy has faced multiple legal battles since leaving office:

  • 2024 (Last Year): France's highest court upheld his separate conviction for corruption and influence peddling, making him the first former French head of state to wear an electronic monitoring tag for a year.

  • 2024 (Last Year): An appeals court confirmed a conviction for illegal campaign financing related to his failed 2012 re-election bid. The final ruling on this case is expected next month.

Despite these legal setbacks, which included having his prestigious Legion of Honour stripped, Sarkozy remains an active and influential figure in French politics.

Friday, 14 March 2025

Vance deflects on possibility of recession

Vice President JD Vance deflected Thursday when asked if he could rule out the possibility of a recession, saying in part “you never can predict the future.” “Well, look, I think you never can predict the future, but I think the economy, the fundamentals of the economy, are actually quite strong right now,” the vice president said in an interview on Fox News. Some context: Fears of a severe economic downturn have escalated in recent weeks. US stocks plunged earlier this week after President Donald Trump said he wouldn’t rule out a recession. Goldman Sachs has increased its chances of a recession in the next year to one-in-five, and former US Treasury Secretary Larry Summers told CNN on Monday there is a “real possibility” of a recession caused by massive uncertainty over Trump’s policy. Trump’s aides have downplayed recession fears, suggesting instead that new tariffs will cause momentary “disruption” as global trade is realigned toward the United States. White House press secretary Karoline Leavitt on Tuesday defended Trump’s tariffs as a necessary measure to save the US economy. “Tariffs are a tax cut for the American people,” she said, arguing that tariffs are needed to bring production back to the United States and punish countries that have taken advantage of the US in the past. Economists have warned the burden of tariffs could ultimately fall on American consumers.

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