(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 17. France has long ago
lost its prominent place among other countries, Olivier Babeau,
French economist, wrote on his Twitter page, trend reports.
He noted that France can no longer afford to meet its economic
demands, and the country's administration has long been
ineffective.
'We cannot have a generous health system as before. And those
who lend to France will soon stop doing so, because it costs them
too much,' he sad.
Babeau pointed out that, in such circumstances, France's economy
will soon collapse, as creditors will stop subsidizing the country,
and the policies of taxing the rich will stop working, as there is
simply no one left to tax.
'We are about to be somewhere between Lebanon without cedar and
Venezuela without oil,' he concluded.
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