The Entitlement crowds wins big
in France. Hollande an avowed Socialist beats Sarkozy in a hotly contested election. Sarkozy promised cuts to Government spending in order to secure loans
and try to control France's exploding debt. Hollande, however, promised more handouts and no cuts.
Hollande has promised a 75-percent income tax on the rich and "wants to re-negotiate a European treaty on trimming budgets to avoid more debt crises of the kind facing Greece." Both actions guaranteeing the Rich to stop producing and the loans to be cancelled.
France will now beat Greece to the finish line of Countries that are on schedule to fall.