Time for another Revolution!
"Europe’s debt worries put spotlight on French banks" September 13, 2011|By Liz Alderman, New York Times
PARIS - The looming question is whether the French government will have to step in to support its banks, much as the US government did during the financial crisis in September 2008....
Behind the scenes, the French government is preparing for all eventualities. If a recapitalization becomes necessary to restore investor confidence in any French bank - even if the banks do not technically require new capital - then the government will be prepared to take such action, said a senior government finance official involved in managing the situation, who was not authorized to speak publicly....
France might need to nationalize its banks in the event of further turmoil....
Meaning the BILLS WILL BE HANDED to the SAME FRENCH TAXPAYERS who are seeing their SOCIAL PROGRAMS SLASHED!
--more--"
And the other important stories in France (according to my Boston Globe)?
Designer John Galliano convicted in anti-Semitism case in France
'A Jew or Not a Jew' app spurs threat of lawsuit against
I'm bailing out on the Boston Globe. Sorry.
