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France will slash its budget deficit by 20% in 2012 from €113B ($156B) this year, PM...

France will slash its budget deficit by 20% in 2012 from €113B ($156B) this year, PM Francois Fillon says, with half the savings coming from spending cuts and the rest from increasing state revenue. The government could reportedly announce the measures tomorrow. "Reality has struck," Fillon says. Really, has it?
Comments (8)
  • Zigg
    , contributor
    Comments (55) | Send Message
     
    "Really, has it?"

     

    The increasing number of cutesy editorials on the posts are getting annoying.
    6 Nov 2011, 07:25 AM Reply Like
  • Michael Kudrna
    , contributor
    Comments (238) | Send Message
     
    Agreed. Market Currents like this should have zero bias involved, just report the facts and leave the rest for the comment section.
    6 Nov 2011, 04:07 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4100) | Send Message
     
    But then, no one really takes SA serious, or?
    6 Nov 2011, 05:58 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9973) | Send Message
     
    More austerity in EU. Recessions will be coming to France and EU in 2012.
    6 Nov 2011, 09:02 AM Reply Like
  • buybuybear
    , contributor
    Comments (389) | Send Message
     
    If you want to keep bailing out others, than the money needs to come from somewhere... slash spending to your own citizens. This bridge will not be build, this school will not be opened. I think it's because that money had already been labeled to bailout
    6 Nov 2011, 11:11 AM Reply Like
  • eastofwest
    , contributor
    Comments (138) | Send Message
     
    Then Zarkozy woke up,,and it was breakfast time already,,,,,,,need to get to bed earlier,,,to many bad dreams,,,,,,
    6 Nov 2011, 11:48 AM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (11474) | Send Message
     
    France has violated the UBN charter for deficits for quite some time as has almost every EU nation. That said, the EU charter deficit agreement is a good deal more sane than the US. We should be worrying about our own massive overspending rather than just shaming the EU for their errors.
    6 Nov 2011, 03:21 PM Reply Like
  • LKofEnglish
    , contributor
    Comments (4386) | Send Message
     
    classic "Great Depression response." France should be exiting the euro, recalling their gold horde at the BIS and then "allowing the franc to achieve its appropriate market weighted value"--instead you have a massively over-valued currency making the government feel "poor" while existing in the biggest customs union since 19th century America. they can't compete...against anyone right now. slashing spending now only leads directly down the road to national ruin...if not done in the context that global capitalism goes "where workers' rights are treated worst." hell even Canada is getting sucked into the American Vortex now. i just don't understand how if your country has all the gold why should it even care what the value of its currency is?
    6 Nov 2011, 09:08 PM Reply Like
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