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France: War Has Led to Economic Fallout
ap ^
| March 23, 2003
Posted on 03/23/2003 12:17:43 PM PST by sarcasm
PARIS (AP) -- The economy minister said Sunday that he believes the worst French economic fallout from the war in Iraq had already taken place.
``In the last year, or rather in the last six months, I think the Iraqi events have already created negative consequences that France regrets now,'' Francis Mer told LCI television and RTL radio.
``I'm not saying that to deny the intensity of the Iraqi problems, but the main part of the negative consequences from the Iraqi crisis is behind us,'' he said.
According to a survey by the IFOP agency published Sunday in the French newspaper Le Journal du Dimanche, 46 percent of French people worry the war will aggravate economic and other problems in France.
The French unemployment rate held steady at 9.1 percent in January, the most recent figures released. Consumption fell 0.2 percent that month, suggesting that the French economy got off to a weak start in 2003. Also in January, France's consumer confidence index dropped five points to reach its lowest level in five years.
TOPICS: Business/Economy; Crime/Corruption; Extended News; Foreign Affairs; News/Current Events
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1
posted on
03/23/2003 12:17:43 PM PST
by
sarcasm
To: sarcasm
And they can't even cut down on their use of soap to save money..tsk..tsk...
2
posted on
03/23/2003 12:19:37 PM PST
by
evolved_rage
(Davis is a POS!!!)
To: sarcasm
Thanks for the encouraging news. On a day like today, I could use a French cur handy for a good kicking. Tell me that the Vichy Chicks are having to hock their instruments and I might actually smile...
3
posted on
03/23/2003 12:20:32 PM PST
by
Mamzelle
To: sarcasm
Are they joking? The economic effects have yet to hit.
4
posted on
03/23/2003 12:21:28 PM PST
by
EaglesUpForever
(Ne messez pas avec le US)
Comment #5 Removed by Moderator
To: sarcasm
Yeah, France's source of extra funds was suddenly cut off last Wednesday night, when the arms shipments were delayed by the liberation of Iraq
6
posted on
03/23/2003 12:21:37 PM PST
by
KansasCanadian
(Living the American Dream)
To: sarcasm
The "War" will not create any economic problems for France.
Chirac's anti-American crusade most certainly will.
7
posted on
03/23/2003 12:21:38 PM PST
by
Polybius
To: sarcasm
Translation: The US focus on Iraq made it too diffcult to sell WMD manufacturing equipment to them, effectively cutting off our gravy train.
To: sarcasm
....
but the main part of the negative consequences from the Iraqi crisis is behind us,'' he said. .... Sounds more like wishful thinking than a sober analysis our once froggy friend.
9
posted on
03/23/2003 12:23:01 PM PST
by
Ron H.
To: sarcasm
``In the last year, or rather in the last six months, I think the Iraqi events have already created negative consequences that France regrets now,'' Francis Mer told LCI television and RTL radio. ``I'm not saying that to deny the intensity of the Iraqi problems, but the main part of the negative consequences from the Iraqi crisis is behind us,'' he said.We shall see, Francis. We shall see.
10
posted on
03/23/2003 12:23:09 PM PST
by
Wissa
To: sarcasm
That sounds like a lot of wishful thinking. It didn't work with Iraq, and it won't work with their economy.
My guess is they are just starting to see the economic fallout and this was a feeble attempt to put some confidence back into their economy.
Lots of luck.
11
posted on
03/23/2003 12:23:10 PM PST
by
DannyTN
(Note left on my door by a pack of neighborhood dogs.)
To: Free Vulcan
Ding Ding Ding. You win the prize. France/Germany/Russia/China don't want us in Iraq because they know most of the stuff Saddam isn't/wasn't supposed to have has 'Made in China/France/Germany/Russia' marked on the bottom.
To: sarcasm
France: War Has Led to Economic FalloutSomebody froze Jacques' Swiss bank account?
13
posted on
03/23/2003 12:24:00 PM PST
by
The Great Satan
(Revenge, Terror and Extortion: A Guide for the Perplexed)
To: sarcasm
The economy minister said Sunday that he believes the worst French economic fallout from the war in Iraq had already taken place. Dream on Frog face. Next time you go to the grocery store. be PRO-ACTIVE. Ask to see the store manager and then request that they not purchase/stock any French items.
14
posted on
03/23/2003 12:24:17 PM PST
by
Drango
(Two wrongs don't make a right...but three lefts do!)
To: Ron H.
More examples of failed socialism. When you tax the capital producing segment of society out of existence, there is no capital to create and drive new business, investment and industry. This is a prime example of the thin line between what will be coming to America as Demonrats take more power.
Don't forget that the Demonrats in America are still Public Enemy #1 to America's continuation and growth of its way of life.
To: evolved_rage
And they can't even cut down on their use of soap to save money..tsk..tsk... And the French women cannot even cut back on razer blades for personal hygiene...
16
posted on
03/23/2003 12:25:54 PM PST
by
John123
To: sparky samson
Yup, the worst fallout is what didn't happen: their expectation of being able to print reserve petro-currency without inflationary consequence, while simultaneously forcing inflationary petro-dollars home to the US.
I'd bet they were looking to pick up US assets on the cheap in a down market.
17
posted on
03/23/2003 12:26:26 PM PST
by
Carry_Okie
(Because there are people in power who are truly evil.)
To: evolved_rage
``I'm not saying that to deny the intensity of the Iraqi problems, but the main part of the negative consequences from the Iraqi crisis is behind us,'' he said. Sure...The song "We've only just begun" comes to mind...rot in hell france!
18
posted on
03/23/2003 12:27:02 PM PST
by
Ragirl
To: sarcasm
They ain't seen nothing yet!
19
posted on
03/23/2003 12:27:04 PM PST
by
tet68
(Jeremiah 51:24 ..."..Before your eyes I will repay Babylon for all the wrong they have done in Zion")
To: sarcasm
Not so. I have been needing Coivossier (my French ain't too good) for several weeks. Not going to buy any. My freeloading friends are just going to have to lump it.
20
posted on
03/23/2003 12:27:34 PM PST
by
Pushi
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