Ooooh, yes please!

France has added some more rocket fuel to Monday\’s already volatile summit of EU leaders by pledging to introduce a 0.1pc tax on financial transactions in August.

Oh to be a property agent in London these days. Brush up on the French lessons and wait for the stampede of Frogs into London to escape the tax.

Whatever financial markets are still in France won\’t be by Sept 1 (for of course the French won\’t do anything at all in the holiday month of August).

It is of course economic stupidity even if politically astute: but then that\’s Sarkozy all over, isn\’t it?

6 thoughts on “Ooooh, yes please!”

  1. Well, if the Euro does crash – which if it is going to, it probably will have done so by Sept – there aren’t going to be any French banks left to move to London, are there?

  2. So Much For Subtlety

    European banks are down about 2.5% already. Led, of course, by French banks.

    Sarkozy might well be such a genius that he has French banks hoping, and paying, for a Socialist victory. Actually that may not be that uncommon in France. Given most Right Wing politicians are not more likely to remain bought.

  3. If I recall, back in the last presidential elections, Sarko went canvassing for votes in Kensington on account of the number of French expats who live in this area. In my area, Pimlico, the neighbourhood resounds to French accents, not to mention the scraping noise that you hear when a French lady (she knows who she is), tries to park her enormous car.

  4. As Rub-a-dub says, the imminent coronation of Hollande would seem to bear out Mencken’s dictum: “Democracy is the theory that the common people know what they want, and deserve to get it good and hard.”

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