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| Europe |
| Cash-strapped French govt selling mansions |
| 2006-10-08 |
| Posted by:lotp |
| #4 Pretty soon, Chapter 7, liquidation of |
| Posted by: Alaska Paul 2006-10-08 23:57 |
| #3 It's called "Bankruptcy". |
| Posted by: Redneck Jim 2006-10-08 13:29 |
| #2 I think it was in 2004 than the then-finance minister sarko sold part of the french gold reserves to bail public finances out. Remember, France (or rather, the State) spends about 25% more than it earns each year, and has to borrow about 75-100 billions each time to just keep things running. And, yet, the socialists program for 2007 include more lavish spendings; go figure. |
| Posted by: anonymous5089 2006-10-08 08:50 |
| #1 A wise move. Next they'll sell the Rotschild holdings back to the Rotschilds -- yet again -- and they'll have enough funds for several more months. |
| Posted by: trailing wife 2006-10-08 05:35 |