French bank shares crash as European debt panic spreads to France
President Nicolas Sarkozy called his ministers back from holiday for an emergency meeting of his cabinet Tuesday night—together with Christian Noyer, the head of France’s Central Bank—amid a continuing collapse of the French CAC-40 stock index. It fell 4.68 percent that day. The meeting ended Wednesday morning, with the announcement of further social cuts to be revealed in budget plans to be published on August 24.
On va se prendre un lavement et une saignée : c’est censé nous mettre en forme pour courir le marathon à cloche-pied