The country’s employment minister has said the country is “totally bankrupt” – but later backtracked saying it was a joke. But was it really?
Is the Euro project going to unravel even more?
Will they even think of cutting military spending? I mean, what is the French military doing in north Africa? Why not the United Nations?
France’s gross government debt as a percentage of GDP is over 90 per cent. But there are some who believe the real figure could be much higher. (See here.)
(By comparison, Malaysia’s central government debt to GDP ratio is 53 per cent.)