Sunday, September 13, 2009

Bankers Look at France

There's this:

“There is no doubt in my mind that there is a deliberate plan to direct people’s anger towards the financial community and away from the government,” said one investment banker. “They are clearly looking for scapegoats at which to finger-point and trying to make themselves popular in the public eye.”


And then there's this:

“At its base, French culture is a mix of Catholic conservatism and Marxism,” a senior banker said. “One of the charming things about France – but one of its problems also – is that everything does not revolve around money.”


Yes, charming indeed.

2 comments:

Anonymous said...

A French banker friend use to tell this amusing tale about French attitudes towards money. According to him there are basiclly three approaches:
1) The Catholic attitude where money is sin;
2) The Marxist one where it is a crime;
3) Finally the Protestant one, where like sex, it was good but you don't talk about it!

DavidinParis said...

The streets are littered with Imobiliers displaying listings of apartments for sale. Look at the prices being asked. Look at the average salary and what is left after taxes. Ask what the heck is going on here? 20 years ago, the salaries were proportionally better (well a bit) and the price of housing and day-to-day living was cheap.

Who's to blame? I would blame the unions who are more concerned with their power in politics than they are for the 'worker'. I would blame the government who is unjustifiably the largest single employer. I would blame the banks for coercing people to take a government job at a miserable pay which entitles them to a loan for a cramped apartment that they cannot keep up nicely.

The French have become Calvinists pretending they do not deserve to splurge time to time. Once that happens, what's left!?