Thursday, June 09, 2016

France Shuns Europe 
As Brexit Revolt Spreads
Article highlights the growing contagion spreading across Europe as the UK threatens to leave the EU .. now it is France: "An intractable economic crisis has been eating away at the legitimacy of the French governing elites for much of this decade. This has now combined with a collapse in the credibility of the government, and mounting anger over immigration .. Failure to reform has come together in a toxic cocktail with the destructive effects of monetary union. The damage has been less dramatic than in Greece, Portugal, Spain, and Italy, but the insidious effects are powerful .. Time is running out for the defenders of the French status quo. It is hard to see how the existing order could survive the double-punch of a Brexit vote and a fresh global downturn in quick succession."
LINK HERE to the article

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