France - a nation of perdants (losers)

The Telegraph reports that Maurice Lévy writes a guest editorial in the lefty French newspaper, Le Monde, in which he states that France lost the 2012 Olympics because,

We have narrowed and stunted ourselves and we paint ourselves as losers, and no one wants to be among the losers.

Who is Maurice Lévy? He is the head the media giant Publicis, one of the world's biggest advertising agencies which owns Saatchi and Saatchi and has offices in 100 countries across six continents. It counts among the clients that it promotes such companies as BMW, Renault, Coca-Cola, L'Oréal, and Club Med.

Mr. Lévy went on to say,

"What I wrote was hard, but true. France is not in a crisis, it's worse than that. A crisis is usually sudden and short, while we are in an endemic situation."

He blasts France's national debt, the mandatory 35 hr. work week, lily livered French politicians and the 90% compensation paid to the unemployed.

Read it all and then ask yourself if it doesn't make this crap by Paul Krugman look like, well, crap.

TAGS: France, economy, losers, unemployment, Le Monde