Home  »  Economy  »  France’s Socialist President ‘Shattered’, Citizens In ‘State Of Shock’ After Minister Reveals Country ‘Totally Bankrupt’


Jan 30, 2013 No Comments ›› Chuck Biscuits

Excerpted from Express: FRANCOIS Hollande was left picking up the pieces after France was sent into a state of shock as his labour minister described the nation as “totally bankrutpt.

Michel Sapin was left red-faced after revealing the potential state of the French economy and leaving the French public to question Mr Hollande’s policy.

Speaking during a radio interview, he said: “There is a state but it is a totally bankrupt state. That is why we had to put a deficit reduction plan in place, and nothing should make us turn away from that objective.”

The comments were not intentional although they come as President’s Hollande’s attempts to improve the image of the French economy and have served to diminish faith in the government.

France is currently attempting to cut spending by £51.5billion over the next five years.

Since Socialist Francois Hollande came to power, he has imposed his ‘anti-rich’ policies onto France provoking the country’s rich entrepreneurs to leave the country.