The Horsemen of the French apocalypse - war, pestilence, strife and the euro
If there is one thing that gets out French friends agité, it is purchasing power, with pouvoir d'achat regularly rated their greatest source of anxiety. 58% of them were fretting about it this month. Although possibly not Jerome Kerviel....
Anyway, the Gauls have been asked to what they attribute the fall or stagnation in purchasing power over the last few years, and number one - with a bullet - is switching to the euro. 57% pointed the finger to it as their first choice, and 68% rated it a factor.
I am not keen on that politicised currency, but I do feel that this shows a lamentable lack of understanding by the French, with wage stagnation and price increases far less commonly cited as the reasons.
Anyway, the Gauls have been asked to what they attribute the fall or stagnation in purchasing power over the last few years, and number one - with a bullet - is switching to the euro. 57% pointed the finger to it as their first choice, and 68% rated it a factor.
I am not keen on that politicised currency, but I do feel that this shows a lamentable lack of understanding by the French, with wage stagnation and price increases far less commonly cited as the reasons.
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on Thursday, January 31, 2008 at 10:26 am.
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