The French are really pissed off with us.
Really pissed off.
So pissed off they’ve really started to lose the plot. This is now being reduced to the level of playground insults. I am oddly proud, yet at the same time strangely frustrated that we’re not responding:
Is it? Are you sure about that?
UK debt: €1362bn or 80% of GDP.
Look, I’m not going pretend we’re in a good place, but hell, it could be worse, we could be France.
Madder than Folle Pierre Le Folle, winner of France’s maddest man competition, grasping desperately at straws.
It depends on who’s figures you read, France has a large functional agricultural industry, a large functional Nuclear industry, a larger functional Railway industry, a good Car manufacturing industry, a successful Aerospace industry etc etc etc ( certainly in comparison to the U.K. )…….
France’s elites are just waking up to the fact that they must cutback on aspects of social spending, it will be interesting to see what gets chopped first, they may not have the industry of Germany ( which the money markets scorn as good investment portfolios ) but they are in a better position to weather a full blown depression than the U.K. is ; the problem is the E.U. is a French construct, so its coming collapse is a very difficult situation for the elites to accept that they got it wrong…….
This is actually fucking hilarious. When France get downgraded 3 or 4 notches and they lose some of their big banks, that will be the time to say I told you so. I think we are perfectly right to stay quiet at the moment because reacting now just looks like we’re continuing the playground spat.
Schadenfraude is a beautiful thing. Don’t get me wrong, I love France and most French people I know or have met have been perfectly decent and respectable people. But I absolutely despise, with every fibre in my body, the braindead types who just can not seem to see the slow motion train wreck that is the eurozone in the next 3 months.
There is no right or wrong, there is just the market. The market knows the game is up and France is going to get everything it deserves shorthly. Idiots like this will be facing the guillotine if they’re not careful.
http://blogs.telegraph.co.uk/finance/andrewlilico/100013819/is-it-now-ok-for-british-politicians-and-central-bankers-to-call-for-france-to-lose-its-aaa-rating-when-can-we-start/