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.
The left revels in sex scandals involving preachy conservative moralists, but when members of the left get caught up in seedy financial scandals, so perverted and twisted is their relationship with money that the effect can be equally jaw-dropping and salacious.
Mirror, Mirror, on the Wall, Which Nations Maintain the Rule of Law Best of All? | Daniel J. Mitchell