Trying to drum up some business for France, François went to - TopicsExpress

Trying to drum up some business for France, François went to Japan where he reassured the business community that Europe is in rude economic health. “What you need to understand here in Japan is that the crisis in Europe is over,” he said, unwittingly explaining why he had to travel so far to deliver this pronouncement. Closer to home he would have been pelted with rotten tomatoes. The eurozone is in the grip of its longest recession, with five continuous quarters of shrinkage and close to 20 million out of work. For example, in Spain a quarter of the young labour force is no longer in the labour force – and that’s an official, meaning dressed up, estimate.

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