Tuesday, January 8, 2008

France, Sarkozy and Inflation (os)

To be upfront with it: it sounds a bit like gossip talk but it contains an economic core. In the most recent survey, France President Sarkozy has lost in the favor of his voters. But not, as all you celebrity-blog-readers would suspect - because of his liaison with the french model Bruni, but - and this is the economic part of it - because of the dwindling purchasing power due to the rising inflation in France!

This sounds interesting, wasn´t Sarkozy the one who always wanted to cut back the independence status of the European Central Bank to utilize the Bank for his economic purposes? Lets see what´s next, maybe now Sarkozy becomes one of the strongest advocates of conservative central banking...

And by the way: happy new year!