03-12-2016, 04:58 PM
11
Re: And The Next Bail-Out Looms
HiFrance is in a mess, it is not complying with the rules of the Eurozone.
It has been given favourable terms by Juncker.
http://uk.reuters.com/article/uk-eu-...-idUKKCN0YM1N0
Not brilliant is it?
A serious dose of Austerity is called for.
France does have one advantage over the UK, which is productivity, whilst the UK does have some very efficient businesses, others are not.
We are now addressing this, hopefully 5 years from now we will have it sorted.
03-12-2016, 05:04 PM
12
Re: And The Next Bail-Out Looms
Originally Posted by Morticia
->
Give them their due, the French, I believe, are struggling magnificently to drag their Unemployment Rate to just under 10%. The UK is 4.9%.
France and Italy could be the next European economies to crash
http://www.independent.co.uk/voices/...-a7054801.html
"Denied the option of devaluation, both countries have relied on debt-funded public spending to maintain economic activity and living standards. The people and their representatives refuse to face reality"
"The response was characteristic of Italian and French denial of the precariousness of their position. There is no acknowledgement of poor economic performance, high and rising debt levels, unacceptable fiscal outlook, and the need for far-reaching structural reforms.
There is no willingness to address the problems of the euro and the incompatibility of monetary union and a single currency with national fiscal management and sovereign independence among eurozone members. Both the population and their representatives refuse to face reality."
03-12-2016, 05:50 PM
13
Re: And The Next Bail-Out Looms
Originally Posted by Realist
->
Indeed !France and Italy could be the next European economies to crash
"Denied the option of devaluation, both countries have relied on debt-funded public spending to maintain economic activity and living standards. The people and their representatives refuse to face reality"
03-12-2016, 10:37 PM
14
Re: And The Next Bail-Out Looms
Originally Posted by Morticia
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Yes .. that's what I meant to say and that the French live in Oh La-la Land.
I predict a Gallic shrug.
03-12-2016, 10:45 PM
15
Re: And The Next Bail-Out Looms
Originally Posted by Flicker
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This ISTM is a rather incredible way of thinking .....but for all TM's promises the poorer majority won't.....
TMs ....... ?
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