The amount of economic illiteracy in France is simply staggering. If the goal is to get people to read books, logic would dictate the cheaper the price the better. Kindle, Nook, and other eBook readers come to mind.
The simmering feud between France and Germany erupted into a heated political exchange following Pressure on Hollande to take bold action to revive the French economy, calling for new pension and labour market reforms.
France has raised taxes so high that French One-Percenters like Gerard Depardieu and Johnny Depp have fled the country. The result is that France is leading the world in economic stupidity, monetary malaise and women with hairy underarms.
The eurozone proponents ignore the costs of staying in the euro and overly trump up the benefits. The article perpetuates the myth that German taxpayers will suffer the consequences of a breakup, but suffer no costs if the eurozone stays intact.
Not only is the Hollande in praise of competitive currency debasement which mathematically cannot work if every country does it (not that it can work anyway without long-term consequences), he also wants to sell France government holdings "without ceding state control or influence over vital companies".
France slipped into its third recession in four years as Germany barely went into positive territory, underperforming general expectations.
I like to think I’m a reasonably savvy observer of public opinion and international economics, but every so often I’m stunned by some bit of data.
President François Hollande's popularity has sunk to a new low of 24%. Rather than blame his own policies for the huge rise in unemployment and the lack of competitiveness in France, Hollande pins hopes of fresh start on cabinet reshuffle.
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