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France is 'totally bankrupt'.. concerns grow over Hollande's tax-and-spend policies

 
Tess2012

User ID: 33260793
01/29/2013 07:17 AM

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France is 'totally bankrupt'.. concerns grow over Hollande's tax-and-spend policies
Socialist France is 'totally bankrupt', a senior government minister admitted yesterday. Michel Sapin, who is in charge of the employment ministry in Paris, made it clear that his government's tax-and-spend policies are just not working.

Just half a year since his party came to power, Mr Sapin told radio listeners: 'There is a state but it is a totally bankrupt state.

Since he came to power, unemployment and the cost of living have continued to spiral, while 'anti-rich' measures have provoked entrepreneurs to leave the country. President Hollande is currently trying to revive France's economic fortunes by cutting spending by the equivalent of more than £51billion. Mr Hollande has also pledged to increase taxes by £20billion over the next five years.

Read more: [link to www.dailymail.co.uk]
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Anonymous Coward
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01/29/2013 03:44 PM
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Re: France is 'totally bankrupt'.. concerns grow over Hollande's tax-and-spend policies
that slip of tongue is gonna cost him dearly...
Anonymous Coward
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01/29/2013 03:46 PM
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Re: France is 'totally bankrupt'.. concerns grow over Hollande's tax-and-spend policies
They aren't. There is still german money to spend on them.
Anonymous Coward
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01/29/2013 03:47 PM
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Re: France is 'totally bankrupt'.. concerns grow over Hollande's tax-and-spend policies
Socialism doesnt work. Now the filth that is arab muslims will finish them off.

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