"On June 16, in "France Has At Most Three Months Before Markets Make Their Mark" says German Official I wrote ...
If socialists take control of both houses in French parliament as expected, president François Hollande would have free rein to carry out his stated policies such as hire more public workers, raise taxes on the rich, and Wreck France With Economically Insane Proposal: "Make Layoffs So Expensive For Companies That It's Not Worth It"
Socialists did win both of Parliament.
Now that Hollande has followed through on his pledge to hike taxes, there is every reason to believe he will follow through on his inane proposal to make it nearly impossible for businesses to fire people. If he continues with that promised path, France will implode."
-- This could get interesting. -- JO