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To: bruinbirdman
which combines taxing the rich, raising public spending and lowering the retirement age

This is a disaster for the French. Their only way out now is repudiation of debts by printing.

8 posted on 05/06/2012 5:02:07 PM PDT by agere_contra
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To: agere_contra

Can they even do that? are they a hybrid system or Euro only?

“From 1 January 1999, the value exchange rate of the French franc against the euro was set at a fixed parity of 1 EUR=6.55957 FRF. Euro coins and notes replaced the franc entirely between 1 January and 17 February 2002.”

— Wiki

They can’t print more unless they convince the EU to print more..


30 posted on 05/06/2012 5:52:42 PM PDT by N3WBI3 (Ah, arrogance and stupidity all in the same package. How efficient of you. -- Londo Mollari)
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To: agere_contra

Watch as the exodus of productive people out of France begins.


38 posted on 05/06/2012 7:20:26 PM PDT by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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