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Bosses' leader blames US for euro problems

Matthew Warren · 29 Aug 2011, 15:36

Published: 29 Aug 2011 13:33 GMT+02:00
Updated: 29 Aug 2011 15:36 GMT+02:00

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Laurence Parisot, the head of the influential bosses' organization, Medef, has hit out at what she sees as deliberate attempts by the US to shift their own economic woes to Europe.

In an interview published in Monday's Le Figaro newspaper, Parisot said the problems started when China decided to "teach the US a lesson" about the level of its debt over the summer.

"The Americans then wanted to pass the buck to Europe," she said. "We saw a kind of psychological war and an attempt to destabilize the euro zone."


Parisot cites as an example the "unfounded" rumours about French banks which were spread by the American media.


"The front pages of the American media announced the death of such and such a bank and even the end of the eurozone," she said. "We went from attacks on Spain to attacks on Italy, then on France and as far as rumours that Germany would be downgraded last week!"


"Markets over-reacted," she added, "as they are by nature very sensitive to rumours."


"When American publications, which are read by investors and analysts, lead with these false and dramatic announcements, there are questions to be asked," she said.


She said that ultimately Europe was under attack "not because it is weak but because it is strong."


Parisot said she wanted to see greater cuts in spending to help cut the budget deficit and proposed that cuts in expenditure should be twice the amount of any revenue from increased taxation.

Matthew Warren (news.france@thelocal.com)

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Your comments about this article

2011-09-02 17:20:34 by Englishted
Blame the greedy bankers (you can replace the b with a w ). They still have not been dealt with .
2011-08-31 21:56:50 by DavidtheNorseman
Ah, yes. The US is slandering our financial institutions. Solution: lower euroserf wages and benefits. This would be humourous if not so sad. I doubt the lady even realizes the logical inconsistency - it has become a mindless mantra.
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