Posted on 06/29/2015 5:19:28 PM PDT by dynachrome
French Finance Minister Says Economy in Dire Straits, Predicts Two Atrocious Years Ahead (TS//SI//NF) (TS//SI//NF) The French economic situation is worse than anyone can imagine and drastic measures will have to be taken in the next 2 years, according to Finance, Economy, and Trade Minister Pierre Moscovici.
On 19 July, Moscovici, under pressure to reestablish a preretirement unemployment supplement known as the AER, warned that the situation is dire. Upon learning that there are no funds available for the AER, French Senator Martial Bourquin warned Moscovici that without the AER program the ruling Socialist Party will have a rough time in the industrial basin of the country, with voters turning to the rightwing National Front. Moscovici disagreed, asserting that the inability to reinstitute the AER will have no impact in electoral terms, besides, the situation with faltering automaker PSA Peugeot Citroen is more important than the AER.
(COMMENT: PSA has announced plans to close assembly plants and lay off some 8,000 workers.)
Moscovici warned that the 2013 budget is not going to be a "good news budget," with the government needing to find at least an additional 33 billion euros ($39.9 billion). Nor will 2014 be a good year. Bourquin persisted, warning that the Socialist Party will find itself in a situation similar to that of Socialist former Spanish President Zapatero, who was widely criticized for his handling of his country's debt situation. Moscovici countered that it was not Zapatero whose behavior the French government would emulate, but rather Social Democrat former German Chancellor Gerhard Schroeder.
(COMMENT: Schroeder, chancellor from 1998 to 2005, was widely credited with helping to restore German competitiveness. He favored shifting from pure austerity measures to measures that encourage economic growth and advocated a common EU financial policy.)
https://wikileaks.org/nsa-france/intercepts/WikiLeaks_US_Spying_French_Economy_Dire_Straits.pdf
Will this help Marine Le Pen?
“As a reminder, Le Pen now prefers to be called Madame Frexit because as she warned last week, when she becomes president, unless the Eurozone yields to her demands, France will be the next country out of the monetary project effectively ending the Eurozone.”
I blame the Muslims. I don’t know if the Sultans should Swing, but something should be done.
I see what you did there. LOL
Well, if anyone wondered how the rest of Europe would handle a Greek default, this article gives a hint.
“(TS//SI//NF)”
Where I come from, this would be pretty highly classified. That said, doesn’t take much to slap a bogus “classification” on something on a public forum....
If the welfare state collapses, there will be heavy Muslim riots. A rational government would stop all further immigration, by whatever means necessary, and then start deporting Muslims as quickly as possible.
Most, if not all, at the wikileaks link have a calssified designation
Clearly the answer is to bring in millions more Muslim immigrants. That’ll fix everything.
“classified” that is.
[Clearly the answer is to bring in millions more Muslim immigrants. That’ll fix everything.]
Sounds like California.
And, if you also read all the linked articles you’ll be convinced, as I am, that civilization hangs by a thread.
Then I can’t read them without breaking federal law. OBTW I haven’t read them. And they do not reside on my computer.
Europe is already in “Camp of the Saints” territory.
How could ANY economy be in worse shape than America’s ?$200,000,000,000,000 in the hole and counting !
Well, if they only had 2 years left three years ago, I guess France self-destructed sometime last year. Perhaps you can link us to an old news story about that.
All the countries that have gone socialist over the prior decades are about to go belly up (us included)
Visiting the wikileaks site will probably get you noticed, but so does signing up with FR, I figure.
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