Spendi,
You asked why there's no news about the financial crisis is France.
You know I usually don't engage in controversial topics such as this for a set of various reasons.
First, in such international forums, national susceptibilities often overwhelm reality, thus preventing constructive debate.
A useful policy of a country is seen as counterproductive to others.
France has built along the years a net of protections for the more unfavoured layers of society.
This net is seen as a hallmark of hard socialism, for example, by most of Americans.
But even for capitalists here, it has its utility.
You have seen that last week American news come with a figure that was awful by its magnitude: 500 000 Americans lost their jobs.
Our laws currently prevent this from happening in such a short delay.
So, this net acts like brakes when a crisis arise.
It also has its dark side, it prevents from recovering quickly from a crisis.
All in all, you don't have news from France because there's no news or very few news.
France is going into the crisis, but slowly enough to not hurt that much.
Also, governement have to deal with opinion :
Quote:The figures from France show that the popularity of development assistance remains high in the context of the economic crisis. Could this be because people realise that if the economic situation of the rich countries in a global financial crisis is dire, the economic position of poor people in developing countries is even worse? Whatever the reason, public support for development has been consistently high across OECD countries over the past 20 years (see Figure above). Support has never dropped below 70 per cent and reached 90 per cent in many European countries in 2004. The overall trend of support is rising, despite economic fluctuations.
The evidence demonstrates that public support for development aid is high, and it has remained high for the past two decades. Politicians looking for an “easy”cut in their budgets may want to think twice. First, the high support for development aid is reflected in a well organised global civil society that will resist breaches of donor commitments for more and better aid. Indeed, in leaner times, attitudes seem to be more charitable, and redistribution more popular. Second, in times of a global financial crisis, poor people in developing countries need development assistance more than ever. Taxpayers seem to realise this. Their policy makers must realise it, too.