http://www.dailymail.co.uk/news/arti...-policies.html

France is 'totally bankrupt', jobs minister admits as concerns grow over Hollande's tax-and-spend policies


  • Minister Michel Sapin said: 'There is a state but it's a totally bankrupt state'
  • Unemployment and living costs have spiralled since party came to power
  • President trying to revive economy through cutting spending by £51billion
  • Finance Minister Pierre Moscovici said Mr Sapin's comments were 'inappropriate' and tried to blame Nicolas Sarkozy's government
  • An online poll in Le Figaro newspaper showed that 80.5 per cent of readers agreed that France is bankrupt

By PETER ALLEN
PUBLISHED: 00:22 EST, 29 January 2013 | UPDATED: 08:45 EST, 29 January 2013




France's Socialist government was involved in a vast damage limitation exercise today after a senior minister admitted that the country was ‘totally bankrupt.’
Colleagues of Michel Sapin, secretary of state for employment, insisted that he was merely highlighting the faults of the last conservative administration, after the minister said the government's tax-and-spend policies are just not working.
Finance minister Pierre Moscovici said: ‘What he meant was that the fiscal situation was worrying’, and added that the last government, led by Nicolas Sarkozy, had accumulated £513billion of debt.


Read more: http://www.dailymail.co.uk/news/arti...#ixzz2JNZ3lAWZ
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Coming soon to you, obama plans it to be a reality that you must face..
If France suffers a total financial collapse will it trigger a worldwide domino effect? After all many nations are in dire financial straits already, just one small step from bankruptcy themselves!
Just imagine if that happen while we have this current dictator in charge!!!
Getting any ideals about what may actually be a planned event??-Tyr