France National Debt | Economics Blog
Forecast for 2012 is public sector debt of 90% of GDP.
Public sector debt is 85% of GDP in 2011
That's before the new Socialist in Charge was elected. The socialist in charge isn't happy with this, he wants the debt to exceed their GDP, heck he wants it to double the GDP. He ran on increasing spending, lowering the retirement age, increasing entitlements and the welfare, being good to illegal immigrants and doing this all on the backs of the so-called rich and the corporations. He wants to tax the so-called rich to the tune of 75% and raise the corporate tax to unstated levels!
France is going to see an exodus of Wealthy Frenchmen and Corporations (and none stepping in to take their place), a critical increase in the deficit, a sharp reduction in revenue and a huge increase in illegal Muslim immigrant unrest!
They are fucked!