Los riocos en Francia, sienten la austeridad…
Let’s look at what Hollande has done in his first month. He lowered the retirement age from the 62 that Sarkozy was barely able to get it up to, back to the ripe old age of 60. He has raised the taxes on those making over €1 million to 75%. He is raising the wealth tax on those whose have a net worth of over €4 million to double what they were expecting. This is called the contribution exceptionnelle sur la fortune. No translation is needed. You think a few people might decide to move to Spain? Or Switzerland? Capital will go to where it is loved and wanted. And those with a little wealth cannot be feeling a lot of love, if they are in France.
In France, the most alarming developments have occurred. The new Socialist government has imposed a 75% income tax on the wealthy, plus a substantial wealth tax (almost nowhere but France has tried this form of extortion). They also reversed the previous government’s sensible– if modest– pension reforms. This should cause a substantial exodus of the rich to London and (if they can get visas) New York. It will certainly make the French economy even more uncompetitive. French bond yields have not yet moved up to join Spanish and Italian yields, but I can’t believe bond dealers will prop up France much longer. For lovers of the euro this could be the big one.
Y ya lo dije en su dia que Francia seria el proximo:
http://www.dalamarblog.com/francia-ira- … de-italia/
Y ahora:
"La presidenta de la patronal francesa Medef, Laurence Parisot, aseguró hoy que la situación económica de Francia es "gravísima" y llamó al Gobierno a reaccionar con un vasto plan de inversión de al menos 30.000 millones de euros para recuperar la competitividad."