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by temphn
5047 days ago
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These talking points need to be updated. Please look at this URL: http://en.wikipedia.org/wiki/List_of_countries_by_public_deb... France's debt to GDP ratio is ~86-89%. The United States is 102%. Now the US is surely going to crash, and crash hard, but emulating France is not going to get us out of a debt crash. Quite the contrary. 1) "France's debt crisis could doom the European Union"
http://www.csmonitor.com/Business/The-Daily-Reckoning/2012/0724/France-s-debt-crisis-could-doom-the-European-Union
2) "France to tackle crushing debt, says French PM Ayrault"
http://www.bbc.co.uk/news/world-europe-18693089
3) "Investors Won't Like The News Out Of Greece And France"
http://seekingalpha.com/article/571001-investors-won-t-like-the-news-out-of-greece-and-france
France's current debt to GDP ratio is about 86-89% as of the
first quarter of 2012. This ratio was expected to pass
100% by 2017 with Sarkozy as the president. With Hollande we can expect the ratio to pass 100% by an earlier date. |
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