France.. The real weak link in the inner eurozone chain

 http://www.economist.com/news/leaders/21566640-why-france-could-become-biggest-danger-europes-single-currency-time-bomb-heart

http://www.economist.com/news/special-report/21566233-france-slowly-heading-towards-crisis-says-john-peet-can-country-be-reformed

http://www.dailymail.co.uk/debate/article-2237622/Why-listen-country-imploding-economy-drag-Europe-it.html

The CAC40 daily chart

A few weeks ago in the UK several hundred steel workers were laid off when Tata Steel closed several sites in the Wales,UK

SO imagine my chagrin when i read and heard the developing story over the last few days here in France about the proposed closure of 2 blast furnaces at a steelworks in NE France. There was general out pouring of socialist venom in the French press and media saying that AM did not respect France and that Hollande would force a compulsory purchase and nationalisation of the site and expel Mr Mittal!. Monsieur Mittal would be well off out of it in my opinion! and considering he employs a total of 20,000 French workers one has to wonder why he should accept such treatment ? There is a tangible anti big business sentiment growing here in France where many/most workers simply see large companies as a way to provide employment/pensions and contribute taxes towards the state coffers and vast needs for its generous social benifits.Profit does not some into it and many of them would prefer it didnt.

http://in.reuters.com/article/2012/11/29/france-arcelormittal-florange-mittal-idINDEE8AS0BA20121129

http://www.bbc.co.uk/news/business-20510522