“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.
Or:
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.
good post, James. What surprises me, too, is that socialists/communists/greens etc are never punished for their activities. Our lot, here in England, get to walk away from their self-created disaster, are re-elected to their positions at the MP trough and it’s as though the previous 13 years – or rather 60 or so years – of socialist destruction have never occurred. Yet, these same people latch onto the actions of normal people – particularly Margaret Thatcher – and persecute them with venom. One just knows that given half a chance, the socialists would exterminate their perceived enemies. My question is why we, the non-socialists never follow through, once in power and permanently neutralise our socialist enemies? I can only again presume that it’s something genetic – that we don’t spend our lives hating everyone else.
You have to remember that it’s never the Socialists fault that the economy implodes the moment they get their hands on it. It’s always somebody elses fault…bankers, home owners over mortaging themselves, people not spending money they don’t have, Margaret Thatcher, Margaret Thatcher’s cat, giant space weevils…always something other than their idiotic planning.
Unfortunately for those of us with half a brain and can tell the difference between a cause and a symptom, and can see where the fault truely lies, are outnumbered by the eternally clueless that make up most the population of this country at the moment (and most of the world it seems as well)
The madwoman from Grantham was NOT a “normal” person.
I loathed her deeply & still do.
She cheerfully jumped on & crushed a very valuable scientific research & development programme, & she had mad shits like Alfred Sherman as “advisers”.
Her double act with the CIA stooge Scargill (Maggie being in the pay of the communists, of course – please think that non sequiteur through!) wrecked the country’s social balance.
Yes, most of the mines would have had to close, but it didn’t have to be done that way, did it?
That fuquit Krugman, has been back in town telling us [well actually Dave et al] to do the exact same thing, Obarmy and his crew are making a cracking success of it [printing money and borrowing] over the pond.
Amen. Agree with all.
Living in France as an auto entrepreneur the smallest of the small business tax systems I know by the fall off of work, not that it was ever chaotic, how successfull Hollande’s policies are……Behind the scenes in Govt. people in the know accept that France is broke where it all goes now I don’t know but I doubt if it will be peacefull.
It’s a bugger that Quasi Panic innit? You don’t know whether to sit stand or stoop, to flee fart or fight.
Yes they were warned, but they’re a funny bunch the French, they still voted for Hollande. Hell 18% of them voted for the even further left dingbat who promised a 90% tax rate.
Reality to a Frenchman is what happens after lunch. The trouble is lunch is so very long they never get round to it.
Goodbye, France. We hardly knew thee — er, well, OK we’ve known you for a long time. But I wouldn’t wish upon France the sort of misery that I think is coming its way. By the way, is this a good or bad time to stock up on French wines and cheeses? Should I wait a little longer? Obviously I want to avoid any kind of civil unrest or what have you. I’ve neatly avoided being mauled to death in Spain at least twice now, but that was just a piece of good luck which may not apply when in France.
Might be an idea to visit now.
I just hope that the people step in and take over before the New World Order socialists do.
It is of their making, they hope to wreck and rebuild.
The people need to rebuild and revenge.
Hollande has hit an all time approval rating low after four months in power, in France recently business people were saying they do not have a clue what he stands for as since taking office he has said nothing of note and done even less, this was a general consensus amongst the admittedly small amount of people I spoke on the subject and it was never advanced by myself.
When asked as to why they voted for him it was the familiar answer that the last one had to go (Sarko), as here there seems no choice of any value.
As demographics crater amid a 70-year “dead sun” Grand Minimum similar to that of 1645 – 1715, something in France if not in Western Europe as a whole is going to snap. Bastilles will fall, tumbrils roll, and out of nowhere will emerge a new Napoleon scenting apotheosis in a “whiff of grape.”