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Trichet Warns of France's Economic Ills |
HenryTo
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 Posted: Wed Sep 26, 2007 3:47 pm Post subject: Trichet Warns of France's Economic Ills |
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http://www.businessweek.com/globalbiz/content/sep2007/gb20070924_212475.htm?chan=globalbiz_europe+index+page_top+stories
| Quote: | European Central Bank (ECB) chief Jean-Claude Trichet has said that France's public finances are in "very great difficulty."
"In 2007, according to statistics from the European commission, France will be the country spending the most in public expenditure in relation to gross domestic product, not only within the eurozone but among the 27 members of the European Union", Mr Trichet told Europe 1 radio on Sunday (23 September).
His comments came shortly after a statement by France's prime minister, Francois Fillon, who said on Friday (21 September) that his country was in a state of bankruptcy.
"I am at the head of a state that is in a position of bankruptcy, that for 15 years has been in chronic deficit, that has not once passed a balanced budget in 25 years". |
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Trichet Warns of France's Economic Ills Replies |
diesel
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| Posted: Wed Feb 13, 2008 4:34 am Post subject: |
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Sarkozy Jeopardizes Effort to Revamp French Economy
http://www.bloomberg.com/apps/news?pid=20601109&sid=a4WMSgaWNEkY&refer=home
| Quote: | | Many of his achievements, though, have come at a price. To calm fishermen blockading a port in December to protest rising fuel prices, he promised 310 million euros ($452 million) of subsidies. To persuade striking transport workers to give up pension privileges, he offered pay raises and higher retirement payments. To appease students outraged over a new law to give college presidents more freedom, he sold a $5 billion stake of Electricite de France SA to renovate universities. |
Sloth is the descendant of pride. |
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rffrydr
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rffrydr
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| Posted: Tue Nov 20, 2007 9:06 pm Post subject: |
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Yet we're pushing 1.50 Euro. Sometimes economics do nothing for even distribution. See GaveCal.
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HenryTo
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