A Comment About

Why Wasn’t France Downgraded Sooner?

January 28, 2012 - 12:02 am - by Michel Gurfinkiel
Marie Claude
2012-01-30 15:44:26

“The debt, as measured by the conservative French criteria, grew at a 100 billion/year pace during his five years mandate and is now over 1.7 trillion, while the GDP almost froze.”

yeah, guess why? we had to bail out our banks following the american housing bubble crash of 2008, and the euro crisis, which is still a aftermath result too !

almost froe, in 2O11, but quote a western country that had a better GDP growth, ach Ja, Germany, good ol Beggar that Neighbour ! hmm see Germany’s result at the end of 2012 too !