The reason why S&P down rated France
According to S&P, EU leaders have misdiagnosed the euro-zone crisis. They have focused too much on tackling the increase in governments’ budget deficits, which is only part of the problem.
I've been watching Sarkozy parading around as the economic savior for the last few months, I assure you it is at the very least indigestion inducing.
You would think this latest setback might cause them to reassess the situation?
Not Fnckuig likely
France will respond to its credit rating downgrade by pushing through budget cuts, PM François Fillon (pictured) said on Saturday.
Putain de bordelle de merde, tue l'economie!
Translation: Oh dear me, let us stress test the economy.
;-)
He might see himself as the savior; but, at this rate, he is going to end up in a similar position; nailed to an electoral cross.
Always look on the bright side of life I say. Nicolas don't look so sad....
Heh.