Comment on France lifted from billyblog
Mike Norman Economics 2014-03-24
Yanai from ParisĀ says:
Sadly enough, what your blog predicted years ago has now come true in France: the far-right National Front has come out particularly high in the municipal polls taking place today. This is not to be underestimated as the National Front does not normally fare well in municipal elections, where the two-round system favours traditional parties like the Parti Socialiste or the conservatives. But worse is yet to come, according to every opinion poll, when the European elections take place at the end of May, the proportional system will help push the Front National to 25% of the ballot (if not beyond), thereby BECOMING THE FIRST PARTY OF FRENCH POLITICS.
Reading your narrative of the events which took place more than twenty years ago, I cannot help but think that things have not changed at all: mainstream politicians are ready to sacrifice their own people in the name of crazy beliefs or objectives: currency pegs, single market, European integration etc.
Twenty years since, and I cannot even say that we are stuck in the same quagmire: no growth, no perspective of growth, this is actually much worse!