♆ The Macho Response ♆
Because Fearing The Truth Is Never An Option
Friday, November 8, 2013
Only A Flesh Wound
“France’s Socialist government reacted with fury to its credit rating being downgraded yet again because of high taxes, unemployment and public spending.
Standard & Poor (S&P) poured humiliation on President Francois Hollande and his ministers on Friday by cutting its AA+ to AA.
The move comes almost two years after the country lost its top-rated AAA status.
S&P said it was applying another cut because Socialist reforms showed no prospects of leading to economic growth.”
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