High taxes dampen (kill) Demand for houses, all other private goods. A “Duh! Dept.” result.
Germany will be blamed in the end when it pulls the plug rather than be bled dry by the rest of the EU.
The riots will be epic.
Wow. Bush screwed up the economy of Paris too??? Who knew..
“France is anarchy punctuated by dictatorship.”
No greater estimation of France is needed then what happened in the French Revolution.
Just a decade before, the American colonists had revolted and formed their new nation, based on a deep and thoughtful philosophy of government.
With the American revolution underway and after, several of its founding fathers traveled to France, including John Adams, Thomas Jefferson and Benjamin Franklin. They were full of useful and practical advice on how to set up a new government.
Most all of which was ignored by the French, whose revolution quickly descended into murderous anarchy, cruelty, and self destruction.
“Real Estate Sales Collapse...”
The French will rue the day they elected Hollande.