Making the Poor Pay More to Protect the Rich: Sarkozy’s Austerity Package for France
Submitted on November 8, 2011
By PHILIPPE MARLIÈRE - Counterpunch
Under Sarkozy’s presidency, France has caved in to “Anglo Saxon”-style capitalism...Depressingly, the philosophy of the French plan is a carbon copy of the failed Greek, Portuguese and Spanish plans...[T]his austerity package aims to make the poor pay for the banking system mess and goes to great lengths to protect the rich...These austerity measures will do nothing to revitalize a moribund French economy and like in other parts of Europe, it will only further aggravate economic recession.
