It is noted that the 'Economist' magazine has had the temerity, as these postings have suggested on occasions, to imply that the French economy is in a precarious position. Certainly, if the Mediterranean member nations, embroiled in the fracas that is the Euro zone, have to return to their former currencies; France will find the debt it has guaranteed during this period of 'save the Euro at all costs' passes its 'sell by' date, and that the spotlight will fall onto the performance of the French economy. Followers of such travails will be aware, that after the advent of new President, Francois Hollande, his socialist, high tax regime will totally demolish a very weak situation.
For far too long, France has cosied up to Germany, hoping that this gives the impression that they have a kind of parity. Well, forget it! Their contributions have been pathetic, simultaneously expecting high returns, particularly for their farm subsidies, via the Common Agricultural Policy. They are now appearing, however, to baulk at the laughable budget increases demanded by the Brussels Commission.
THE PROOF OF THE PUDDING ETC.,
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