When the income of a person, family, company, association, university, hospital, or public authority stagnates or declines, the natural reaction of the person who has the handle on the purse strings is to refuse to cut spending, to try to do everything to increase his income
Privé de l’aide européenne et internationale, l’Etat grec pourrait faire défaut avant fin juin. Le risque principal, aujourd’hui, se situe au niveau des banques grecques : le risque de bank run massif est chaque jour, plus important. Il précipiterait l’effondrement du système bancaire grec dans son ensemble, déjà vacillant.
Picture the scene: several climbers linked together by a single rope, elastic, exhausted after a hard climb of a peak never reached, fighting halfway point to the top.
At the height of summer, when the electoral ashes and confetti have settled and have been collected, the country will find itself in an extremely dangerous situation.
Let’s take seriously the second-round campaign. Let’s once again increase our first beliefs and truly seek in two weeks, who can best help France avoid the fate of Greece, which awaits, it is almost certain, Portugal and perhaps Spain.
Everyone knows, everyone says that France must reduce its public debt. Everyone knows, everyone says that the campaign is not on that subject. Everyone knows, everyone says that no serious saving proposal is made by any candidate…
Dans une interview ahurissante donnée cette semaine à l’hebdomadaire allemand Bild, le Président de la Banque Centrale Européenne, Mario Draghi, tout à son entreprise de charme à l’égard de l’Allemagne, a franchi les frontières de ce à quoi l’autorisent son statut et son rôle.
Francois Hollande’s 75 percent tax rate proposal for those with annual income of more than EUR 1 million is both totally impractical and extremely useful.
The French have a special relationship with cinema, which they invented: they see a lot of theatrical releases (over 200 million visitors in 2011); they produce a very great number of them (over 200 in 2011); they export them; they come from everywhere to shoot in France; and it is in France that the world’s largest film festival is held, which is also the world’s number one market.
