Posted on 10/16/2012 6:51:02 AM PDT by LucianOfSamasota
France is sliding into a grave economic crisis and risks a full-blown “hurricane” as investors flee rocketing tax rates, the country’s business federation has warned. “The situation is very serious. Some business leaders are in a state of quasi-panic,” said Laurence Parisot, head of employers’ group MEDEF.
“The pace of bankruptcies has accelerated over the summer. We are seeing a general loss of confidence by investors. Large foreign investors are shunning France altogether. It’s becoming really dramatic.”
MEDEF, France’s equivalent of the CBI, said the threat has risen from “a storm warning to a hurricane warning”, adding that the Socialist government of François Hollande has yet to understand the “extreme gravity” of the crisis.
(Excerpt) Read more at telegraph.co.uk ...
Who is Jean-Claude Galt?
My, my, once again we have a demonstration of why socialists/leftists/liberals/progressives should be watched closely at all times and kept well away from electricy, machinery, or anything requiring a brain.
Elections have consequences.
Guess they never heard the saying “You can sheer a sheep many times but skin him only once” or as the Muzzie saying goes....(Maybe I shouldn’t write that on FR! LOL)
You voted for him! Next time vote with your head and not with the emotions of a puppy love-struck teenage girl! (Like those who voted for Obama.)
Not sure all this matters much to France’s future. It sounds like they may be the locus of the new Caliphate anyway. Do mullah’s care about economic growth rated at levels above the eighth century?
Ceux Français vont Galt!
THIS more than Japan is our future. This is an organized take over from the ballot box and we are in for the very same thing.
It is strange that we can have loosened the requisite conditions for voting rights but we can never tighten them once given. Same goes for dole benefits and the rights of citizenship.
Racists!
Music to the Left Bank's ears. :)
They’ve run out of someone else’s money...
The French companies that do well, survive, will shift sales to their US branches circumventing income in Europe/France.
There are a host of French companies that have prepared themselves for just such a contingency.
Socialist governments cannot govern if businesses close their doors and send their employees home. Those governments feed off the cash such businesses produce.
In fact, if farmers quit producing food, or truckers stop bringing goods to government capital cities, government will starve along with the regular citizens. The producers have the power to end government abuse, if they have the will. And they get that will by being pushed too far.
Gallic Ping.
The economic French Revolution?
Great cartoon! That was back in the day when the Chicago Tribune (under Robert McCormick) was a leading voice in opposition to the New Deal.
LOVE it!
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