It is an elemental misjudgement. Yes, there may be small countries where this applies. They can hope to export their way out of trouble, if they have a high enough trade gearing. They may be able to overcome the debt deflation shock if their debt levels are low enough. If not, they can go to […]
Entries Tagged as 'France'
November 8th, 2013 · Comments Off on France downgraded, trouble looming
June 7th, 2013 · Comments Off on The slump in France threatens the euro
France’s plight was initially apparent in the economy, which has been stagnating for five years, because French state capitalism no longer works. But the crisis reaches deeper than that. via The slump in France threatens the euro.