French Labor Minister: Country “Bankrupt”

Revelation 6:3-4 NCV When the Lamb opened the second seal, I heard the second living creature say, "Come!" Then another horse came out, a red one. Its rider was given power to take away peace (prosperity, rest) from the earth and to make people kill each other (butcher, slaughter, to maim violently, in streets), and he was given a big sword (assassins sword, terrorist, loud, mighty, sore afraid).

French politicians have been rushing to the country’s media outlets to rebut a statement made by the country’s Labour Minister that France is “totally bankrupt.”

Labour Minister Michel Sapin replied to a question during a radio interview by saying France “is a state totally in bankruptcy.” He later tried to claim his comments were only made in jest but economists outside the nation believe he could have been revealing information the French government has been trying to suppress.

Finance Minister Pierre Moscovici later told the station that Sapin’s comments were “not appropriate” and that “France is a truly solvent country.”

Unlike most European countries, France’s leadership is pushing for tax increases to cover shortfalls in the budgets instead of cutting services and budgets. France’s public debt reached over 90% of the value of everything produced in the country in 2012.

In November, Moody’s downgraded France’s debt with a negative outlook meaning the rate could be cut again.

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