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France goes into triple dip recession.

dloman

Manager
Joined
Aug 18, 2005
Messages
1,373
As France announced today they have gone into a recession once more along with the news that the eurozone has now entered it's sixth quarter of economic contraction, has the time truly come for a full cross party open debate about the options going forward in regards to the EU?

Personally i am awaiting to see what renegotiating Cameron is able to do and how that influences my own decision.

Also with these announcements, does this show some of the principles of Keynes are wrong?
 

Massimo Giovanni

Old Timer⭐
Joined
May 10, 2011
Messages
9,574
Location
Siena
France is early into the rule of a new president. Monsieur Holland wont be too bothered about that at this time in his position: now is the time for financial pain in France and then as he gets closer to the need to get re-elected he will do (as all parties do) release some stored funds/projects etc so he gets a feel good factor to boost his polling chances. The Tories will be starting to try to do the same "trick" in the next year or so.
And people will believe it!
 

Benfleet A1

Hector Of The House
Joined
Jan 19, 2007
Messages
8,529
Location
Slade Prison
Don't want to comment on a socialist government making the situation worse in a matter of months rather than years, Barna?
 

Benfleet A1

Hector Of The House
Joined
Jan 19, 2007
Messages
8,529
Location
Slade Prison
He's been a huge disappointment (so far) but I'm prepared to give him a bit more time before I rush to judgement.

Yeah, I would say that Switzerland closing it's borders to French nationals and stopping money from coming in from French accounts is a pretty good indicator that he is a huge disappointment. Sorry to gloat but I don't often get the chance.
 

Sandbach Shrimper

Life President⭐
Joined
Oct 25, 2003
Messages
6,063
Location
East Cheshire
Further proof that socialism doesn't work. If you tax the wealthiest so much then they'll leave. Austerity might not be great right now but it's the only way.
 

Massimo Giovanni

Old Timer⭐
Joined
May 10, 2011
Messages
9,574
Location
Siena
I have recently been near the Luxembourg/France "border", the Lux have French workers all paying low tax to Lux but living in France where they have the school/health/benefits etc but contribute little to French coffers. If Belgium lowered taxes and got some new big companies in to employ (and tax) international commuter workers then they similarly could clean up too. If we tried it here, in Kent say, we would end up with more problems than areas of economical growth. While the EU and Euro countries don't have similar fiscal policies there will always be losers and at present France is loosing to all its neighbours.
 
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