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NEWS AND VIEWS THAT IMPACT LIMITED CONSTITUTIONAL GOVERNMENT

"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Saturday, February 1, 2014

SOCIALISM - French investments crash by 77%, Poverty at a high


"We want more free crap."

Socialism = Poverty


Overseas investment in France fell by 77 per cent last year as Britain retained its position as the most attractive country in Europe for foreign business.

A report by the United Nations showed just £3.5 billion of foreign money went into France in 2013 – the lowest amount for 27 years. By comparison, foreign investors spent £32 billion in Britain.

This will inevitably add further fuel to ongoing accusations that the French economy has been woefully mismanaged by Socialist President Francois Hollande say the UK Daily Mail.

The UN Conference on Trade and Development, who released the estimated figures on the eve of a trip by Hollande to the UK, said that this vast reduction came as foreign investment in the European Union as a whole increased.

The United Kingdom was the ninth most popular destination for foreign investment last year – and the best in Europe.

Investment in Germany soared 392 per cent to £19.6 billion in 2013, while in Spain it rose by 37 per cent to £22.4 billion.

The increasingly dire performance by France, which is the Eurozone’s second largest economy, is a cause of huge concern for neighbours including Britain.

Other new figures released this week show France’s unemployment and poverty rates soaring to new highs.

Despite the Hollande’s highly publicised ‘promise’ that he would get the jobless figures down in 2013, the number rose by 10,200 in December.

It now stands at 11.1 per cent, or  well over 3.3 million  – a figure which rises to almost 5 million if those in part-time temporary jobs are taken into consideration.

Meanwhile, a damning new survey shows that the poverty rate in France is at 14 per cent – the highest for 17 years.

Researchers from social policy consultants COMPAS found that 8.7 million French people live below the poverty line.


 
Busy Banging the Mistress
Julie Gayet allegedly had an affair with French President Francois Hollande.  Looks like our good Socialist was too busy in bed to give a crap about creating jobs.

Read more: Daily Mail.

The Ugly Face of Socialism
French President Francois Hollande

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