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Old 23rd Aug 2012, 17:57
  #164 (permalink)  
Robert G Mugabe
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Zoso

Dear Boy I am very happy with my lot. Base of choice. Roster stability. Good renunciation. " Snug as a bug in a rug "

With regard to France.


It is hard to see how France can quickly extricate itself from its economic morass. It is Europe’s most centralized, state-dominated economy, and it is deeply invested in its opposition to what the French call the Anglo-Saxon economies of Britain and the United States, whose laissez-faire approach they blame for the 2008 financial crisis.

Yet, like Europe’s lagging Mediterranean countries, though to a lesser extent, France is having trouble competing with the larger German economy, which is more flexible, less confrontational in its relations with employees and more solidly built on industry and exports.

While Mr. Sarkozy blames the 2008 global financial shock for France’s woes, the real problem, “is the unsustainable economic and social model of the last three decades.” France, like other European countries, benefited from cheap credit, leading to a society in which nearly two-thirds of the economic growth depended on consumption, partly financed by social transfers. Those, in turn, were financed by public debt that has ballooned to 86 percent of the gross domestic product in 2011 from 20 percent in 1980.

737Jock

Your message has always been one of " Rise up comrade throw off the yoke of the oppressor " Unite and fight. Right......... Like that will happen in the real world.