“The situation is very serious. Some business leaders are in a state of quasi-panic,” said Laurence Parisot, head of employers’ group MEDEF.
“The pace of bankruptcies has accelerated over the summer. We are seeing a general loss of confidence by investors. Large foreign investors are shunning France altogether. It’s becoming really dramatic.”
MEDEF, France’s equivalent of the CBI, said the threat has risen from “a storm warning to a hurricane warning”, adding that the Socialist government of François Hollande has yet to understand the “extreme gravity” of the crisis.
They were warned, they were told. We’ve been writing about it ad nauseam. So many are saying it. When, oh when will people get it firmly in their heads that you don’t let socialists anywhere near an economy? Not if you want to survive.
And you don’t let a Sarkozy either because he is in thrall to the EU and they are communists. It’s so simple and yet so opaque for those afflicted with left-liberalism.
For our part, we’re often accused of being unfeeling, of being unpleasant people. No, we’re angry and that anger makes us blunt. We’re always angry? Only when confronted with the global socialist tidal wave, which at the moment is pretty well all the time – yes.
This commenter is blunt, his choice of terms can be unfortunate, he’s not going to win friends and influence people that way … but he’s correct:
This Hollande prat cannot even manage the situation with wife / mistress / friend etc. Bad sign. Worse still he is a “champagne socialist” with a large mouth that has promised too much. His mouth has talked about cheques his hand cannot write. As the U.K. probably regrets choosing the disastrous Blair / Brown duo and their team of scum, so France will live to regret the decision to dump the dwarf and select this idiot.
Brilliant – and in the weeks following his election, the UK’s left leaning media were touting Hollande as being the antidote to low growth austerity. When anyone could see that taxing yourself out of a slump is like standing in a bucket and trying to pull yourself up by the handle, to slightly rework Churchill’s phrase.
Doing a quick scan of the same media… yep, they’ve just shut up. Amazing how France thought that electing a woolly-headed socialist was going to make everything better in the long run.