La Poste chairman presents the group's business plan for 2003-07
Jean-Paul Bailly, chairman of the French post office (La Poste), has presented the group’s business plan for 2003-07 and says that the group will close 2002 in the red for the second consecutive year. Next year, with the liberalisation of postal services, La Poste will lose its monopoly on some important services. Mr Bailly wants the French government to increase the price of stamps in order to offset the effects of liberalisation. He argues that postage rates have not increased since 1996 and that revenue from the sale of stamps is used to support the universal service.
