The trustees from OPPT have said things are happening now. So we just need to keep our ears and eyes open to what slips out now and again and wonder hmmmm....what is really behind what has been said here. Are they admitting something as a result of the UCC filings? See what you think.
France 'totally bankrupt', says labour minister Michel Sapin
France's labour minister sent the country into a state of shock on Monday after he described the nation as “totally bankrupt”.
8:00PM GMT 28 Jan 2013
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Michel Sapin made the gaffe in a radio interview, which left French President Francois Hollande battling to undo the potential reputational damage.
“There is a state but it is a totally bankrupt state,” Mr Sapin said. “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 came as President Hollande attempts to improve the image of the French economy after pledging to reduce the country’s deficit by cutting spending by €60bn (£51.5bn) over the next five years and increasing taxes by €20bn.
Data from Banque de France showed earlier this month that a flight of capital has already left the country amid concerns that France’s Socialist leader intends to soak the rich and businesses. The actor Gérard Depardieu has renounced his French citizenship and decamped to Russia in protest, while David Cameron said Britain will “roll out the red carpet” to attract wealthy individuals.
Pierre Moscovici, the finance minister, said the comments by Mr Sapin were “inappropriate”.
