A sneering Nicolas Sarkozy has attacked Britain for being a country with 'no industry'.The embattled French President, who is hoping to be re-elected this spring, made the extraordinary outburst as he defended a VAT rise during a prime time national TV broadcast.
He had just announced a 1.6 per cent hike in VAT in a move designed to boost France’s failing economy.
But when a journalist pointed out that Britain had experienced a rise in prices after increasing its VAT contributions, Mr Sarkozy - who in 2009 claimed the UK rise had ‘absolutely failed’ to stimulate the economy - spat out the words: 'The United Kingdom has no industry any more.'
He said he was borrowing the measure from Germany, arguing that it had 'helped to boost German competitiveness' and had not led to a rise in prices.
The 11th-hour measures to boost French competitiveness - and improving his economic record - are being described by analysts as a risky political gamble as the hugel unpopular Mr Sarkozy lags behind Socialist rival Francois Hollande in the polls.
Opinion polls also suggest the majority of the population is against an increase in sales tax, which will eat into their spending power. Read More
1 comments (read or post your own):
Surprise. Surprise! No one wants to hear it! Only china has industry thanks to our self seeking leaders who dont care if they screw things up because theres 0 (big fat zero) accountability. What a mess they got us in and they sit in their meetings trying to "Fake it". Like they really think they'll be able to get people to buy their bull-ony. They have to pay their bills & dont want to. Next thing they'll table is a general cancellation of debt.....or @the least "Their" debt. Everyone else has a "moral fiducuary responsibility" to pay their own. The surge of casinos in the US is going to be the best way to generate tax revenue for them...how sick is that?
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