THE FDP AND THE FRENCH ECONOMY.

The Free Democratic Party in Germany is making noises, quite rightly, about the parlous state of the French economy. Although a minority party, the FDP generally find themselves in a fairly powerful position in the German Parliament, due to proportional representation. Our man in Berlin informs me that they are not making UKIP type waves, but waves even so.

What therefore is the problem? We have highlighted previously in these columns, that the French are vulnerable should the Euro collapse, a possibility which must be considered, indeed, one could suspect that the FDP are being pragmatic, and 'ahead of the game'. Like any clear thinker, they are aware that the socialist regime in Paris is making a total 'pig's ear' of the situation. Many of the high earners in France are fleeing to more acceptable tax havens, due to tax hikes. What is probably the most serious problem, is the fact that the French economy is exposed to serious Euro debt, which won't be picked up by some German 'white knight' rushing to the rescue; it will be too vast.

Naturally, the dire situation will be fudged for as long as possible, unfortunately, by which time we shall be beyond any reasonable chance of recovery.


LORD KNOWS WHAT WILL HAPPEN THEN.