Saturday 13 April 2013

Brilliant if depressing article on France by Charles Gave of Gavekal.com

Charles Gave has written a brilliant article on the French economy,
France is on the Brink of a Secondary Depression which you can read here.

His concluding sentences are: 'Until quite recently, my working assumption was that a full-blown French debt crisis would occur between 2014 and 2017. In light of the extraordinary malfeasance of the current government I have changed my mind and believe that France is now extremely near to that abyss. Fasten your seat belt in Europe—the world’s last truly Communist country is about to implode.'

Along the same lines, see this article entitled 'France's Explosive Picket Lines' plus short video by France 24.

1 comment:

  1. For an alternative view:
    http://www.ft.com/cms/s/0/9f1f23ac-ab37-11e2-8c63-00144feabdc0.html#axzz2RTathJ3w

    ReplyDelete