EU - the Forgotten Market

[mullokintyre]

EU continues to struggle.
Its been a steady decline since this time last year.
Mick

 

[mullokintyre]

Meanwhile, France has had its ccredit rating downgraded from stable to negative by Moody's.
Mick

 

[qldfrog]

Meanwhile, France has had its ccredit rating downgraded from stable to negative by Moody's.
Mick
View attachment 186589

France is an abominable mess after nearly 50y of socialism and globalist policies from all sides: Biden like, there is a communist tainted feeling in the population similar to the levels which doomed Argentina and Chile.
A hatred of upper class and a leveling by the bottom aided by a full scale submersion from the poorest and worst of african jails and asylum..a dumping ground.
They are moving well past taxation/seizure of income toward taxation of assets!!
and people find it ok, they are rich, they can afford....
Locals in complete denial
A third of the parliament is a blend of Islamist and far left /green deranged coalition and every previous leading sector is gone but maybe perfume and champagne.
In the last 20y: weapons/missiles, aeronautical industry, wineries, pharma, high speed trains, nuclear, space/rockets went from leaders to gone, and France is now not even food self sufficient, for the first time ever.
The only sector left is tourism with better service i found, but with the total collapse of law and order , it is a matter of time tourists become aware and add it to the no go country list
I cry, the debt explodes,and as the German economy plunges, they will not be able to plug the french sinking basket.
How long can the IMF let this go?

 

[Value Collector]

France is an abominable mess after nearly 50y of socialism and globalist policies from all sides: Biden like, there is a communist tainted feeling in the population similar to the levels which doomed Argentina and Chile.
A hatred of upper class and a leveling by the bottom aided by a full scale submersion from the poorest and worst of african jails and asylum..a dumping ground.
They are moving well past taxation/seizure of income toward taxation of assets!!
and people find it ok, they are rich, they can afford....
Locals in complete denial
A third of the parliament is a blend of Islamist and far left /green deranged coalition and every previous leading sector is gone but maybe perfume and champagne.
In the last 20y: weapons/missiles, aeronautical industry, wineries, pharma, high speed trains, nuclear, space/rockets went from leaders to gone, and France is now not even food self sufficient, for the first time ever.
The only sector left is tourism with better service i found, but with the total collapse of law and order , it is a matter of time tourists become aware and add it to the no go country list
I cry, the debt explodes,and as the German economy plunges, they will not be able to plug the french sinking basket.
How long can the IMF let this go?

Oh frog you are an eternal pessimist and ultimate fear monger of change .