Monday, August 25, 2014

French Prime Minister Threatens To Dissolve Cabinet

The French government is in disarray.  Its economic minister blamed austerity policies for the poor economy.  The Prime Minister threatened to dissolve the government if President Hollande retained the economic minister.  France is hamstrung by eurozone policies which require a 3% deficit to GDP ratio.  Since GDP has not been growing government spending cannot grow.  The center right party in France has no answer for the economy as well.  The far right is only party in France with political momentum. 

No comments:

Post a Comment