Tag Archives: Nicolas Sarkozy

Has France Been Bought By Qatar?

Former French President Nicolas Sarkozy sold out France!

On August 4, the English press — not the French press — revealed that French prosecutors are actively investigating two events: the awarding the 2022 World Cup of football (soccer) to Qatar, and the purchase by “Qatari Diar”, a state-owned investment company, of a stake in the French utility firm Veolia.

At the center of the investigation is former French President Nicolas Sarkozy. To be sure, Sarkozy has not been formally indicted (and he may never be), but the evidence is overwhelming.

First, the World Cup. That the State of Qatar, known for decades for its active support of Islamic terror organizations, and with a temperature among the highest in the world — in addition to zero tradition in the world of football — was awarded the 2022 World Cup is, of course, a source of wonder ever since the award was announced by FIFA, the international governing body of football….

It is doubtful if the French investigators will ever get to the bottom of these two cases. The judiciary in France has a long tradition of submitting to the government. Since 1789, the French judiciary has not even been an independent power — as are the Legislative and the Executive — but a mere authority with a more limited scope.

It is revealing that these two investigations were exposed, not by the French press, but by the English press.

What we already know for sure is the following:

  1. A state sponsor of terrorism, Qatar, was allowed to buy France’s leading soccer team, Paris-Saint-Germain, with the help of then-president Nicolas Sarkozy. The former owner of the PSG was a private fund controlled in Europe by one of Sarkozy’s close friends. There would have been no deal without the direct consent of Sarkozy — that is the way France functions.
  2. A state sponsor of terrorism, Qatar, was not only allowed, but actively courted, by French officials to invest in some of France’s largest companies, including defense companies, such as Veolia, as well as the Airbus parent company, European Aeronautic Defence and Space Company (EADS); the energy group EDF; the construction firm, Vinci; and the media and defense group Lagardère.
  3. A state sponsor of terrorism, Qatar, was actively supported in its 2022 bid for the World Cup by the government of France and Nicolas Sarkozy, who declared after the FIFA vote in 2010: “Sport does not belong to a few countries. It belongs to the world… I don’t understand those who say that events should always be held in the same countries and the same continents.”
  4. There is a significant part of the French political class that seems to consider the Embassy of Qatar in Paris some sort of automatic teller machine (ATM), as has been showed by renowned journalists Christian Chesnot and Georges Malbrunot in their book, Nos très chers émirs (Our Very Dear Emirs) and deplored by the new ambassador of Qatar in France, Meshaal al-Thani.
  5. Since 2008, a state sponsor of terrorism, Qatar, has benefited from a huge tax break in France: the exemption of profits on property sales. In France, profits on property sales are not only taxed at 19%, they are subject to a further CSG/CRDS and social tax (15.5%), resulting in a combined total minimum tax rate of 34.5%. The rule is the same for everyone, whether a person or a corporation. Everyone, that is, but the State of Qatar, when the administration of Nicolas Sarkozy decided to exempt it from the tax. As a result, Qatar’s royal family and sovereign fund have since built up a huge portfolio of assets in France, one that dwarfs the portfolio of a state such as Saudi Arabia. Qatar’s portfolio ranges from a Champs-Élysées mall to the Lido Cabaret. “Our deficit has destroyed our freedom,” said Nathalie Goulet, a centrist senator from Lower Normandy, in 2013. “The Qataris are here to buy, while we are selling our family jewels.” Which they did. [1]

Qatar and other Gulf states try to benefit from tax exemptions everywhere in the world, but this convergence of facts — the selling of assets, sports clubs, defense companies and governmental representatives — is unique to France. It is through these tax breaks — this is only one of them — that the Qataris are buying the “jewels” of France.  GateStoneIntitute