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re: Today, May 8th, is another French holiday... (karma: 2)  en>fr fr>en
By LondonCalling Comments: 7636, member since Fri Jan 24, 2003
On Fri May 09, 2008 11:43 AM

France is slightly ahead of uk. Due to the increase of the €.
Read serious sources.

But the difference has no importance.



Simple, this is going to be tough but try to concentrate.

france is not slightly ahead of the UK in anything. What the Daily Mail did was to suggest that france GDP had overtaken UK GDP. But it did so by taking france performance from when the euro was low and adjusting it to today when the the euro is high, ignoring the fact that the high euro is destroying french industry.


Even if you weren't clinging to this one article in the Mail, you must understand that GDP is not a good indication of personal wealth of the people of that country.

First you have GNP. This allows for earnings made abroad and since the UK is second only to the US in income from overseas this makes a big difference to any wealth comparison.

France's GDP is all about the government taking your taxes off you to pay for things to make it look good, like the TGV, Airbus, supporting companies that would otherwise be bankrupt like Alstom, and building monuments to corrupt leaders.

It doesn't make the person in the street any wealthier.

It's a pity they don't teach economics in french schools because french people would realise what a shithole they live in.
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