HAS FRANCE GONE BUST YET?

Many Europeans are spending their time gazing at the financial situation in Greece; the big game however, is France. A nation with a diminished credit rating, which will come under even more pressure, as President Hollande increases the borrowing, to finance expanding productivity. Anyway, that's the theory. Well has he got some nasty shocks due to him. First he has to convince the Germans of his stupidity; who, in turn will recommend that he reads Adam Fergusson's 'When Money Dies'; a history of the hyper-inflation during the nightmare years of the Weimar Republic, following the period after the First World War. Angela Merkel won't want to be associated with that kind of nonesense.

We are not the first people to suggest that the BBC will be wholeheartedly behind the new French President, whose knowledge of economics is probably on a par with those well known Marxists, Britain's two Eds, Miliband and Balls, not forgetting next door's cat. The term, according to the Beeb, is growth. The correct description is, of course, increasing the debt. Something, unfortunately, the BBC doesn't understand, as it relies on money extorted from the public.


DETOUR AHEAD PERHAPS.