'France is totally bankrupt'

[lemondude]

Source:

http://www.independent.co.uk/news/wo...y-8471077.html


Damn, this better not affect the country, like an increase in a certain kind of population.

I kinda like France, it has some of the greatest cities really nice to visit and vacation.



On a side note when did the French become Socialist, I thought the Paris communes got suppressed. Damn communist.

[Larkin]

On a side note when did the French become Socialist, I thought the Paris communes got suppressed. Damn communist.

Socialism and Communism are not the same thing, stop being ignorant. The Socialist party won the election last year, replacing Sarkozy's corrupt government.

This is not going to help France at all. Regardless of how the economy actually is, saying it's bad is going to ruin trading. Stocks are going to plummet, and that's only going to make things worse for them. Really foolish move by the minister.

[lemondude]

Socialism and Communism are not the same thing, stop being ignorant. The Socialist party won the election last year, replacing Sarkozy's corrupt government.

This is not going to help France at all. Regardless of how the economy actually is, saying it's bad is going to ruin trading. Stocks are going to plummet, and that's only going to make things worse for them. Really foolish move by the minister.

I'm no expert on French government, but here in Canada, every minister is from the victorious party and whatever the ministers themselves think they can't voice their opinions outside of closed doors. The party's opinion must be the same in public.


So how can this minister just say things like this in public? Regardless of it's truthfulness



And regarding socialists and communist, they sound the same to me here in Canada.

[Larkin]

I'm no expert on French government, but here in Canada, every minister is from the victorious party and whatever the ministers themselves think they can't voice their opinions outside of closed doors. The party's opinion must be the same in public.

So how can this minister just say things like this in public? Regardless of it's truthfulness

And regarding socialists and communist, they sound the same to me here in Canada.

I can't answer why they have freedom of speech. It doesn't actually help the country at all, it only makes the situation worse in this instance.

http://en.wikipedia.org/wiki/Socialism

http://en.wikipedia.org/wiki/Communism

They're definitely different, though do share similarities. Think of Socialism as very far along the left side of the horseshoe, and Communism at the extreme.

[Anna_Gein]

I can't answer why they have freedom of speech. It doesn't actually help the country at all, it only makes the situation worse in this instance.

Mostly amateurism. Few already worked in a government. The previous government had 20 ministers communicating the same SMS on every media every day. This one have 5 minister saying what they want by week. Don't know what is worst.

http://en.wikipedia.org/wiki/Socialism

http://en.wikipedia.org/wiki/Communism

They're definitely different, though do share similarities. Think of Socialism as very far along the left side of the horseshoe, and Communism at the extreme.

Basically that it. Thought today's Socialist are more some kind of left-centrist party.
The extreme left is broken in various insignificant party. The greater part of it have slight moved to the centre somehow occupying the void left by the socialist.

[Raubritter]

France is a socialist country. Yeah they deserve bankrupty but once more they will not learn from it.

[alhoon]

And regarding socialists and communist, they sound the same to me here in Canada.

Well, with views like that, you sound to me like an American. Canada is quite left-wing.

[Kanaric]

Well, with views like that, you sound to me like an American. Canada is quite left-wing.

To communists communism is socialism. So they themselves would call themselves socialist.

[Anna_Gein]

This things have been said at least 5 or 6 times during Sarkozy's mandate. Nothing new here.

And yeah socialist and communist are definitively different.

This is not going to help France at all. Regardless of how the economy actually is, saying it's bad is going to ruin trading. Stocks are going to plummet, and that's only going to make things worse for them. Really foolish move by the minister.

Not even certain. A few month after the regression of its debt note by financial institutions the country was able to achieve better deals than before.

[Basil II the B.S]

Hardly a surprise. France has been living beyond its means for the entire last century, at the expenses of Germany and the colonies. Now that they can't leech from Germany anymore through the EU, reparations or occupations their economy is suffering. Add to that, unrealistic leadership based on grandeur projects, totally bankrupt banking sector that the government had to bail out multiple times and so on..I've been saying this for a while. France is just slightly better than the PIGS, still far from decent. And it's not even fair to blame Hollande for this; he's just a moron that inherited an overrated country.

[Denny Crane!]

Another strong statement for the glorious Eurozone economy!

[mrmouth]

The comment is politically charged. Also a bit taken out of context.

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.

[Roma_Victrix]

Settle down, people. France has its share of problems, but it's not exactly a sinking ship at this point. That award goes to some other countries that shall go unnamed for politeness sake.

[Col. Tartleton]

Settle down, people. France has its share of problems, but it's not exactly a sinking ship at this point. That award goes to some other countries that shall go unnamed for politeness sake.

First one into the recession... Last one out!

USA! USA! USA!

Please sir can I have another?

Spoiler Alert, click show to read: 

Bones heal. Never scared.

Be glad it is all over the place. Otherwise your neo-classical economic education would have been completely useless by now. USA would be dead broke in the 1970's.

Wouldn't it be better if we realized 40 years ago that we were in a hole and stopped digging the hole?

I dont care. Nothing is picture perfect and the fact that others have to "suffer" in some marginal form waiting for the train, or that the economy "suffers" is exactly whats intended. Thats the entire crux of the matter and the reason why western workers have any power at all.

And the same counts for Gaullism which is virtually dead by now, and there is also pro's to it concerning integration in France. I doubt the con's play that big a role since France's problems can be found everywhere, France simply has just another culture where people take it to the street like a good frenchman is supposed to.

But surely, the old socio-economic school of thought that might explain these matters to you is also dead, along with the dying rest of what made Europe after WW2.

Free rides don't last forever.

I heard this stick in many places, also in Holland and Germany and to me it seems one of these PR fabrications. What the is the "modern way"? Is it the last 30 years of deregulation, outsourcing to sweatshops etc? Thats ing 18 century to me. To me post ww2 deserves a rennaisance.

See its all what labels you use and yours sticks on the neo-liberal jar, without prolly even realizing your just parotting along the interests of our robber barons.

Why do you have such a problem with it? What happened in the 19th century is the same thing that's happening now, albeit with different technology. It's inevitable. That's how things work. You have crunch period where the supply of labor drives down the costs and the conditions and as the people drag themselves out of poverty the wages and work conditions go up. But if you don't do the crunch period you're stuck in a shack cooking cabbage soup. They don't want to be in a shack cooking cabbage soup!

Its' not like there are better options.

Also nice to see all you completely ignore what I wrote on the financial sector in relation to French finances. As usual. All pop-talk- Parotting what the flashy and trendy I-pod young-socialites parrot on their term at their conventions. All this will lead to further decay. 3rd worldization heading Europe and people like you make it all possible.

Be ashamed.

It's a single world. It's called globalization. 1st Down (a little), 3rd Up (a lot). We'll meet in the mean, then it's up to the usual merit and nepotism. Of course the 1st world is suffering, it was built on a local monopoly of human and natural resources which simply doesn't exist anymore. Likewise it's only natural that the 3rd world is improving, it's able to tap into the global marketplace and develop it's resources.

The reality where a German or an American like us gets to live in luxury while the Asians and Latin Americans work for their subsistence is over. It's all changing. Unfortunately the rich won't feel the pinch, that us regular people do, but that's the nature of the game. The current pains are mostly based on bad policy though.

[Thorn777]

Wouldn't it be better if we realized 40 years ago that we were in a hole and stopped digging the hole?

Well, Bretton-Woods and the Bretton-Woods Period with all that it incompassed like tight capital controlls and all the rest of the school of thought of the day like high taxes on "free lunch incomes" was hated by Wallstreet and all Wallsteet encompasses troughout its history.

During this period we see the CIA created by Wallsteet lawyers reinterpreting its mandate and the targeting of the courses entire nations take democratically begins. Some say its all cold war related, but all this goes on well into day, and apart from the coldwar stick there is everywhere blunt economic and geo-strategic benefits.

Then we get the Vietnam war, started on a false pre-text at the gulf of Tonkin. The US goes in debt over it, US products loose marketshare and de Gaulle wants to see. USA proved unworthy of the task Bretton Woods gave them. A task that had great benefits for the US, benefits the US did not want to loose and so we get the Petrodollar scheme, and to maintain that one enabling so much perks without other De Gaulle types stepping up you need to get dirty with it.

And that is what USA geo-strategically is all about.

Now you say its budgetal suicide so why should USA do this. Sure it is. Aside from the poptalk of just 4% of GDP being military budget". 4% of your entire GDP is allot-lot translated into a fiscal budget and its not even accounting the interest payments due to all the war debts accumilating....

It is though public money and its money not used elsewhere leading away from the New Deal America, and for decades it looked great as you had Chinese gladly buying debt, Germans and Japanese recycling their trade surplusses at wallstreet, and an American people and businessworld taking up cheap debt because of this. So whats the problem really. Ride it out. The elites take home hundreds of millions a a year and who in his right mind is against "capitalism" and "free-markets" as its often propagated.

And now that we got here, the system build up enables USA to export inflation, a financial and PR newtork blowing up allied competitors, and destroy the middle-east so all these American companies can come again to rebuild the place, offer private services, give out loans etc, to generate some much needed GDP growth, and keep everyone else in line knowing what USA can do, gladly "opening" their markets for capital market loot, and again American growth to cut against the grain of the steady debt-accumilation.

Everything else would mean surrendering to a culture shock, but its the right thing. Human existance like this is pathetic. At least Ghenghis etc went all out there. Living a lie is benaeth humanity, and I fear this lie with todays weapons and todays supply chains etc will lead to allot more suffering than already happened.

[JP226]

Well, Bretton-Woods and the Bretton-Woods Period with all that it incompassed like tight capital controlls and all the rest of the school of thought of the day like high taxes on "free lunch incomes" was hated by Wallstreet and all Wallsteet encompasses troughout its history.

During this period we see the CIA created by Wallsteet lawyers reinterpreting its mandate and the targeting of the courses entire nations take democratically begins. Some say its all cold war related, but all this goes on well into day, and apart from the coldwar stick there is everywhere blunt economic and geo-strategic benefits.

Then we get the Vietnam war, started on a false pre-text at the gulf of Tonkin. The US goes in debt over it, US products loose marketshare and de Gaulle wants to see. USA proved unworthy of the task Bretton Woods gave them. A task that had great benefits for the US, benefits the US did not want to loose and so we get the Petrodollar scheme, and to maintain that one enabling so much perks without other De Gaulle types stepping up you need to get dirty with it.

And that is what USA geo-strategically is all about.

Now you say its budgetal suicide so why should USA do this. Sure it is. Aside from the poptalk of just 4% of GDP being military budget". 4% of your entire GDP is allot-lot translated into a fiscal budget and its not even accounting the interest payments due to all the war debts accumilating....

It is though public money and its money not used elsewhere leading away from the New Deal America, and for decades it looked great as you had Chinese gladly buying debt, Germans and Japanese recycling their trade surplusses at wallstreet, and an American people and businessworld taking up cheap debt because of this. So whats the problem really. Ride it out. The elites take home hundreds of millions a a year and who in his right mind is against "capitalism" and "free-markets" as its often propagated.

And now that we got here, the system build up enables USA to export inflation, a financial and PR newtork blowing up allied competitors, and destroy the middle-east so all these American companies can come again to rebuild the place, offer private services, give out loans etc, to generate some much needed GDP growth, and keep everyone else in line knowing what USA can do, gladly "opening" their markets for capital market loot, and again American growth to cut against the grain of the steady debt-accumilation.

Everything else would mean surrendering to a culture shock, but its the right thing. Human existance like this is pathetic. At least Ghenghis etc went all out there. Living a lie is benaeth humanity, and I fear this lie with todays weapons and todays supply chains etc will lead to allot more suffering than already happened.

'merica did it....

Is your life that boring that you have time to weave fantastical scenarios together and pose them as fact??? Here...



Life is more than white trash girls and euro trailer parks. I promise you.

[King Gambrinus]

Hasn't submitted a balanced budget since Mitterand, that evil socialist.

Guess who's been in power since then?

[Mangalore]

Hasn't submitted a balanced budget since Mitterand, that evil socialist.

Guess who's been in power since then?

It's the same with germany. Somehow it's the socialdemocrats and their ideas of big state welfare paradieses that are the ones trying to fix the budget and push through welfare reforms to cut down its size after 16 years of welfare gifts by the conservatives.

To be fair though, in recent years it became a broader consensus that a budget should be structurally sound and now maybe, possibly, let's wait for the budget negotiations, in a small surplus.

I'm no expert on French government, but here in Canada, every minister is from the victorious party and whatever the ministers themselves think they can't voice their opinions outside of closed doors. The party's opinion must be the same in public.


So how can this minister just say things like this in public? Regardless of it's truthfulness

Not sure if you speaking of a legal basis or tradition but your Canadian thing sounds more like a tradition. In parliamentary democracies the politicians are usually only have to obey their conscience and binding rules concerning confidential material, but it is pretty normal that a minister can say what the hell he wants. If the premier doesn't like it he has the option of firing him and obviously self preservation usually dictates not to say something that gets you sidelined in your party.

[Vizsla]

Government ministers generally only speak freely in anonymous off-the-record briefings to journalists. It's the same the world over. That’s what leaks are: ‘an informed source’ sort of thing. The rest of the time they are trying to sound like they are saying something without actually saying anything at all. When they accidentally say something, as in this case, it is called a gaffe.
When a government minister leaks it is an invaluable service to democracy and journalistic integrity, when a whistleblower does it it’s a crime.

Technically speaking because of fractional reserve banking and derivatives every state in the world is bankrupt. Truth be known. There is more money in existence than there is theoretical value in the entire world by several orders of magnitude. Fortunately we all have a vested interest in pretending the emperor is still clothed so we all carry on regardless. The pea isn’t under any of the cups. There is no pea.

The French are ed though because they’re commies.
Sociology, socialism, national socialism, communism, it’s all the same stuff.

[Anna_Gein]

Hasn't submitted a balanced budget since Mitterand, that evil socialist.

Guess who's been in power since then?

No ? You don't mean that the previous government which was a right government double the debt of the country.

Even when most public service suffered heavy budgetary restriction. Or that the system of taxation was made inefficient by poor choices and countless modifications. Or that the budget of the presidential function doubled. It is not as if they had one minister judge for embezzlement or illegal transactions.

No the reason why France is in bankrupt is because of this left party in power since a little less than one year. Evil Socialist indeed. No even one racist declaration in a year.