Wednesday, February 13, 2013

Three Percent Deficit Goal Will Not Be Achieved

Prime Minister Ayrault conceded today for the first time in public that France would not meet its 3% deficit target for 2013. If he had been reading this blog, he would have known more than a year ago that he would be making this announcement now. So was the government's posture a strategy, a bluff, or a lie? A little of all three, I would say.

Of course, when the opposition, in the form of J.-F. Copé, threatens to censure the government for its failure to keep a promise that the opposition would, with equal contempt for the facts, have made its own had it been elected, we are through the looking glass, and no one will pay the slightest attention to what any of these jaw-flappers are saying.

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