Author Topic: Socialist France tumbles as investment fall 77 percent  (Read 290 times)

0 Members and 1 Guest are viewing this topic.

Offline rangerrebew

  • America defending Veteran
  • TBR Contributor
  • Hero Member
  • *****
  • Posts: 69,455
  • “It’s easier to fool people than to convince them
Socialist France tumbles as investment fall 77 percent
« on: February 01, 2014, 05:51:36 PM »
Socialist France tumbles as investment falls 77 percent

By Cheryl K. Chumley

-

The Washington Times

Friday, January 31, 2014


Britain scored roughly 10 times the amount of economic investment from overseas sources than France in the last year, as the socialist nation led by French President Francois Hollande saw its business dealings on the international arena drop 77 percent.

The United Nations reported that France secured $5.8 billion of foreign investment in 2013 — the lowest level in 27 years. By contrast, Britain saw about $53 billion in overseas investments for that same year.

In 2013, Germany and Spain also saw increased investments from overseas sources — the former, by 392 percent, The Daily Mail reported. France's significant decline is a dramatic hit for the socialist president, who vowed his government policies would ramp up revenues for the ailing nation.

At the same time, France is suffering from hefty unemployment rates and rising poverty statistics. The recently released unemployment figure of 11.1 percent is a face-slap to Mr. Hollande, who vowed to bring down the unemployment rate by the end of 2013. Instead, joblessness rose by 10,200 in December alone, The Daily Mail said.

France is the second-largest economy in the eurozone.


© Copyright 2014 The Washington Times, LLC. Click here for reprint


Read more: http://www.washingtontimes.com/news/2014/jan/31/socialist-france-tumbles-investment-falls-77-perce/#ixzz2s76RjdIy
Follow us: @washtimes on Twitter
Constitutions are not designed for metaphysical or logical subtleties, for niceties of expression, for critical propriety, for elaborate shades of meaning, or for the exercise of philosophical acuteness or judicial research. They are instruments of a practical nature, founded on the common business of human life, adapted to common wants, designed for common use, and fitted for common understandings.

Joseph Story

Offline Oceander

  • Technical
  • Hero Member
  • ****
  • Posts: 46,893
  • #ToldYouSo
Re: Socialist France tumbles as investment fall 77 percent
« Reply #1 on: February 01, 2014, 06:08:15 PM »
Socialism is only fun until you run out of other peoples' money.

Sounds like France is running out of other peoples' money.

Online truth_seeker

  • Hero Member
  • ****
  • Posts: 18,526
  • Common Sense Results Oriented Conservative Veteran
    • The place where argument addicts can go
Re: Socialist France tumbles as investment fall 77 percent
« Reply #2 on: February 01, 2014, 06:22:42 PM »
Investors have several better places to risk their money, besides high tax France.
"God must love the common man, he made so many of them.”

Abe Lincoln

Offline rangerrebew

  • America defending Veteran
  • TBR Contributor
  • Hero Member
  • *****
  • Posts: 69,455
  • “It’s easier to fool people than to convince them
Re: Socialist France tumbles as investment fall 77 percent
« Reply #3 on: February 02, 2014, 09:21:12 AM »
Sounds like France is running out of other peoples' money.

They are, apparently, running out of their own money, too, as many of the wealthy are leaving France for "greener" pastures.
Constitutions are not designed for metaphysical or logical subtleties, for niceties of expression, for critical propriety, for elaborate shades of meaning, or for the exercise of philosophical acuteness or judicial research. They are instruments of a practical nature, founded on the common business of human life, adapted to common wants, designed for common use, and fitted for common understandings.

Joseph Story


Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo
Smf