Frankrupt Damage Control "France Is A Truly Solvent Country, France Is A Truly Credible Country"

Tyler Durden's picture

In a move farcically reminiscent of Inspector Clouseau, the French Finance Minister made an impromptu appearance on the BBC to confirm what we all should have known all along: that "France is a truly solvent country, France is a truly credible country." As the Washington Post notes, the oh-so-honest faux-pas that enfant terrible Monsieur Michel Sapin made yesterday - explaining how his nation is "totally bankrupt" - had French politicos scrambling today to recover their je ne sais pas. It would appear the crisis management approach taken is the repetitive Jedi mind-trick and of course we should believe Moscovici - even as France faces near-record unemployment, ratings downgrades, fiscal atrophication thanks to a plunge in competitiveness, and backlash among the elites at its increasingly socialist policies. "This is not the France you are looking for," and sure enough, now we believe them.


We are sure it went a little like this...


Or perhaps they used this...


As Sapin awaits this...

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CPL's picture

My german friend will be back for the cheque.

AlaricBalth's picture

“Du sublime au ridicule il n’y a qu’un pas"

RuiNsPro's picture

Spain, Italy and France. Three out of European top four economy are failing and a Euro collapse is inevitable. Makes you wonder why these Euro bulls are so blind to this reality.

prains's picture

TOOT le mem chose babieeeeeeeee!

Fortunate Fool's picture

The truth? the US are as bankrupt, if not more, as France...

TPTB_r_TBTF's picture

The US can print.

France cannot.


NidStyles's picture

Doesn't change reality though.

GetZeeGold's picture



We surrender......again. Rinse and repeat.

Badabing's picture

What do you think you are, some kind of Jedi knight waving your arms around like that?

Mind tricks dont work on me I read ZH!

TBT or not TBT's picture

Oh but they do want to print, and will, after the Euro falls apart.

Ghordius's picture

yeah, sure

totally lacking perspective. From the cited Washington Post article:

"Mr. Sapin made his bankruptcy remarks during a Jan. 27 radio address, during which he spoke of the need for an austerity plan.

 “It is a totally bankrupt state,” Mr. Sapin said then, according to a report in The Independent. “That is why we had to put a deficit reduction plan in place, and nothing should make us turn away from that objective."


Again, this is the Labour/"Jobs" minister speaking. His ministry usually spends a lot to try to "create jobs", "preserve jobs", etc. It's the ministry that is usually given to the one guy in the cabinet that represents the LEFT. The most socialist one - in a cabinet that is supposedly socialist.

Now just for a moment forget that he used a "Gallic Hyperbole", i.e. "we are bankrupt! = we have to economize" and note that it's a French Socialist Minister for Jobs that endorses deficit reduction and austerity plans (additionally to what France agreed anyway). That should you give some thought...

GetZeeGold's picture



It doesn't help perspective when the last leader gets the hell out.


It was either that or become hopelessly institutionalized forever.

Ghordius's picture

I'm not sure what you mean. institutionalized? you mean balaced budgets? see here: European Fiscal Compact - or it's less achieved brethen the Stabilty and Growth Pact

Rome wasn't built in one day, but trends matter

GetZeeGold's picture


Rome wasn't built in one day.......but it fell fairly quickly. That's just history however. Not sure if there's anything to learn from that.


I'm not sure what you mean. institutionalized?


Red explains. These walls are funny....first you hate them...then you depend on them.

Ghordius's picture

I disagree. the rise of the roman empire (and also of roman virtue, though preceding and offset) took centuries, with centuries and centuries of decline

only the very end was fairly quick

there is this quip that those who don't know history are condemned to repeat it ;-)

GetZeeGold's picture



only the very end was fairly quick


Good thing the market analysts at the time were all over it. ;-)

TBT or not TBT's picture

This is the thierry meyssan who claimed no aircraft hit the pentagon on 9-11.   Conspiracy theory lunatic.

bigkahuna's picture

Then you must subscribe to the conspiracy theories put forth by your ever trusted politicians and media. Good luck with that.

MSimon's picture

"Mohammed Atta and the Venice Flying Circus"

mvsjcl's picture

Oh, look! A fucking shill!

auric1234's picture

I read his book, and it provides plenty of evidence. I've to say that it was pretty convincing.


Monedas's picture

Do you quote Hitler, too ?  Both were WAY beyond ridiculous !

css1971's picture

Many will be attempting that Jedi mind trick.

JustPrintMoreDuh's picture

Its all Gerard Depardieu's fault!  

CPL's picture

Last I heard he was Russian actor...what does he have to do with France?  

Like how Swedish R&B Diva style singing has retroactively been adopted by Americans.  By their favourite Swedish Diva Tina Turner who was briefly married to some American smack addict wife beater.  It didn't set the Swedish super star back any when she rocked the World with the Mad Max super hit Beyond Thunderdome.

Yes, Swedish super star Tina Turner.

DoChenRollingBearing's picture

Tina Turner became Swiss, ne c'est pas?

Börjesson's picture

Maybe he was thinking about Tina Thörner? ;) (Yes, it's pronounced the same.)

Coke and Hookers's picture

Tina Turner is Swiss, not Swedish. She has always been Swiss.

CPL's picture

There's a difference again how?

AlaricBalth's picture

I didn't know Nutbush, Tennessee was in Europe?

jballz's picture


Yes, and we have always been at war with Tina Turner.

BeetleBailey's picture

Anna Mae cheeeeeeeeeeeeeeeeeeese eating Tennessee lederhosen wearing lip pursing survivor..played by Angela Bassett over here; Nicki Minaj is wanting to do a remake.

Break out the firearms!

TBT or not TBT's picture

Swiss Miss was always hot chocolate.   Not seeing a contradiction.

Agent P's picture

Don't forget to casually wave your hand...crucial part of the Jedi mind trick.

Cognitive Dissonance's picture

This is not the Jedi mind trick you're looking for.

Wm the Shrubber's picture

And this is how liberty dies - to the sound of thunderous applause!

Whiner's picture

We must boost ze production by lowering the retirement age and raising mandatory holidays and taxes, wee-wee, Monsieur, ze income tax to 75%. Viva la revelucione! Viva!

LongSoupLine's picture

too late you fucking french fry, you already said it.


Grow some fucking balls and repeat it...tell your political overlords to fuck off.  Be a fucking man dickhead.

a growing concern's picture

Yeah, god damn, have some fucking balls.  There's nothing I hate worse than somebody saying some truth to power on a big stage and then hours later backtracking like a pussywhipped douchebag.  Stand up and state the truth and take your licks like a fucking man.  Zut alors!


France is solvent and we trust the Fed with our gold.  

Colonel Klink's picture

The only thing the French government does better than surrender is lie.

Temporalist's picture

It's a good thing Lagarde moved when she could.  She left a backed up sewer and a collapsing roof on that shitpile.