French capital flight spikes as Hollande hits business. “A key gauge of the French money supply — six-month real M1 — has been contracting at an accelerating rate ever since Mr Holland’s election in May.” “The employers group MEDEF said business was ‘in revolt across the country’, warning that bankruptcies were accelerating and firms were slashing investment. ‘Large foreign investors are shunning France altogether,’ it said.” Socialism’s perfect record continues.
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