Eurozone finance ministers will decide on Tuesday whether to sanction Spain and Portugal for breaching EU spending rules. The people who are planing to sanction Portugal and Spain are mostly of French origin. What a bunch of sore losers! This is exactly why the EU is bad! Why would the EU dictate to other countries how much they should be allowed to spend on football? Its their country they should... 

A former Bank of England economist has called for a total ban on cash and its replacement with credit accounts controlled directly by governments. In a column for the London Telegraph, fund manager Jim Leaviss all but advocates economic fascism as a means of enabling authorities to respond to financial crises better by implementing a “cashless society.” “Forcing everyone to spend only by electronic... 

France has unveiled a multibillion euro cost cutting plan to be executed over two years in order to press down its deficit below the European Union’s cap. The Finance Ministry revealed on Wednesday that the country would be shaving €9 billion (USD 9.60 billion) off costs through the plan. Accordingly, some €4 billion (USD 4.26 billion) will be trimmed from the budget this year, including through... 

Labor Minister of France Michel Sapin called his country a “bankrupt,” which inflicted considerable damage to the already tarnished reputation of President Hollande. The Minister later explained that he meat it ironically, but his black humor was not appreciated. The more so that bankruptcy (due to the situation in Mali and financial problems) may become a reality for France in the near... 

The public sector debt in France soared to over 90 percent of the GDP in the second quarter of 2012. New figures show that France’s public sector debt soared to over 90 percent of the crisis-hit country’s gross domestic product (GDP) in the second quarter of 2012. According to official figures released by France’s National Statistics Institute (INSEE) on Friday, the debt has increased by 43.2...