France – Next “Greece”?

What is going on in France? A few thoughts via the Telegraph.

French leader François Hollande is uncomfortably close to a collapse in credibility. His poll rating has sunk to 36pc. The speed of decline has been shocking.

The latest broadside comes from ex-German chancellor Gerhard Schröder, supposedly his ally on the Left.

“The election promises of the French president are going to shatter on the walls of economic reality,” he said in Paris.

The backsliding in the retirement age is indefensible and “cannot be financed”. Two or three more blunders of this kind and “reality will catch up with out French friends”.

The French are living in Alice and Wonderland. Bild Zeitung asked whether France is becoming the “new Greece”. You get the drift. (Full article here).