4/11/2005

Here's why the French sold 44 tons of gold for dollars and announced the future sale of 400 tons---the French lie all the time and everybody knows it---for dollars. Why they want a lower Euro....

April 11 (Bloomberg) -- Industrial production in France, Europe's third-largest economy, unexpectedly fell in February, adding to evidence of a slowdown among the dozen nations sharing the euro.

French companies and consumers, squeezed by record oil prices, are curbing spending, crimping sales at businesses such as Pernod Ricard SA.
All of "old Europe" is seeing stagnation. Bad news for the election in five weeks.