http://www.independent.co.uk/news/w...on-state-of-the-countrys-economy-8471077.html
TUESDAY 29 JANUARY 2013
France is totally bankrupt': French employment minister Michel Sapin embarrasses President Francois Hollande with shocking statement on state of the country's economy
Franceâs employment minister Michel Sapin has admitted the country is âtotally bankruptâ.
The unexpected news came during a radio interview yesterday and is thought to have sent the countryâs business leaders into a state of shock.
âThere is a state but it is a totally bankrupt state,â Mr Sapin said.
Mr Sapinâs âtotally bankruptâ statement is likely to cause huge embarrassment for President Francois Hollande, who will be left to undo the potential damage to his socialist governmentâs reputation.
It also calls into further question Hollandeâs controversial âtax and spendâ policies that have seen numerous entrepreneurs and high profile celebrities leave the country.
There are even reports that Nicolas Sarkozy, the previous President of France, is preparing to move to London with his wife Carla Bruni for economic reasons.
http://www.independent.co.uk/news/w...on-state-of-the-countrys-economy-8471077.html
TUESDAY 29 JANUARY 2013
France is totally bankrupt': French employment minister Michel Sapin embarrasses President Francois Hollande with shocking statement on state of the country's economy
Franceâs employment minister Michel Sapin has admitted the country is âtotally bankruptâ.
The unexpected news came during a radio interview yesterday and is thought to have sent the countryâs business leaders into a state of shock.
âThere is a state but it is a totally bankrupt state,â Mr Sapin said.
Mr Sapinâs âtotally bankruptâ statement is likely to cause huge embarrassment for President Francois Hollande, who will be left to undo the potential damage to his socialist governmentâs reputation.
It also calls into further question Hollandeâs controversial âtax and spendâ policies that have seen numerous entrepreneurs and high profile celebrities leave the country.
There are even reports that Nicolas Sarkozy, the previous President of France, is preparing to move to London with his wife Carla Bruni for economic reasons.
http://www.independent.co.uk/news/w...on-state-of-the-countrys-economy-8471077.html
