Skip to comments.France 'totally bankrupt', says labour minister Michel Sapin
Posted on 01/28/2013 3:35:29 PM PST by dynachrome
Michel Sapin made the gaffe in a radio interview, which left French President Francois Hollande battling to undo the potential reputational damage.
There is a state but it is a totally bankrupt state, Mr Sapin said. That is why we had to put a deficit reduction plan in place, and nothing should make us turn away from that objective.
The comments came as President Hollande attempts to improve the image of the French economy after pledging to reduce the countrys deficit by cutting spending by 60bn (£51.5bn) over the next five years and increasing taxes by 20bn.
(Excerpt) Read more at telegraph.co.uk ...
Socialism does not work because you eventually run of out other peoples’ money.
for the past 20 years, I’ve been told by liberals how the European system is such an ideal way for USA to go. Should be interesting to see it all unravel now.
Gaffe: When a politician accidentally tells the truth.
Wait’ I though all the the caviar eating champagne sipping European metrosexuals at Davos said things are looking great....the tide has turned...
The Marshall Plan was wasted on Europe. It made them fat and lazy and socialistic.
Even today the US takes care, for a large part, of Europe’s defenses.
One of the great quotes of all time. And we will soon see another example of it in the U.S.
Excellent post. I never quite thought of the Marshall Plan as as an enabler of bad habits, but your perspective certainly has validity. Had Europe been forced to recover on its own maybe the continent wouldn’t be the socialist failure it is today.
Earth to Jerry Brown.
Jerry Brown, this is the Planet Earth. Please read the following...
Data from Banque de France showed earlier this month that a flight of capital has already left the country amid concerns that Frances Socialist leader intends to soak the rich and businesses.
Somewhere, Sigmund Freude is smiling.
Liberty, Fratenity, Bankruptze.
Thatcher called it ... too bad no one listened ....