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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.”
Pierre Moscovici, the finance minister, said the comments by Mr Sapin were “inappropriate”.
He added: “France is a really solvent country. France is a really credible country, France is a country that is starting to recover.”
Originally posted by TauCetixeta
reply to post by snarky412
The article said that 80% of the general public believe it is true!
France is totally bankrupt! Okay, i guess they should tax the rich 95% and solve the
problem. Right ???
The problem with socialism is that eventually you run out of other peoples money.
Time for another bail out?
Did they see this coming in Davos?
Lets just print money and see what happens!