What changed
INFLATION IN FRANCE SPIKED TO 2.8% IN MAY.
THE ECB IS CONSIDERING HIKING RATES TO FIGHT WHAT?
MEANWHILE, ALSO IN FRANCE:
GDP GROWTH TURNED NEGATIVE.
FRANCE'S DEBT-TO-GDP RATIO IS NEAR 120%
FRANCE'S BUDGET DEFICIT IS OVER 5% OF GDP
FRANCE'S INTEREST EXPENSES WILL SPIKE TO 5% OF GDP
FRANCE'S POLITICAL INSTABILITY IS GROWING.
SURE, LET'S HIKE RATES TO FIGHT AN OIL-PRICE-LED SPIKE IN INFLATION THAT WE CANNOT CONTROL, AND THAT IS ALREADY HURTING CONSUMER CONFIDENCE AND SPENDING. — VIA @JSBLOKLAND