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**Chris** · 28-09-2012, 14:08

Yea, and as long as France remains in the Euro it will not be able to do the one thing a nation state should be able to do in order to redress the imbalance in unit labour costs with Germany, namely to allow the Franc to slide against the DM in order to make its exports competitive again.

In the meantime, I predict rather more French families will up sticks and join the 400,000 already living in the UK, where tax rates for the most able wealth creators are competitive (currently 50pc, dropping to 45pc next April). Thankfully the economically illiterate fools who moan how it's 'unfair' that our top rate of income tax is dropping are not running the country, and people who see the bigger picture are.

28-09-2012, 14:08	#935
Chris Trollsplatter Join Date: Jun 2003 Location: North of Watford Services: Humane elimination of all common Internet pests Posts: 38,262	Re: Eurozone will collapse... Yea, and as long as France remains in the Euro it will not be able to do the one thing a nation state should be able to do in order to redress the imbalance in unit labour costs with Germany, namely to allow the Franc to slide against the DM in order to make its exports competitive again. In the meantime, I predict rather more French families will up sticks and join the 400,000 already living in the UK, where tax rates for the most able wealth creators are competitive (currently 50pc, dropping to 45pc next April). Thankfully the economically illiterate fools who moan how it's 'unfair' that our top rate of income tax is dropping are not running the country, and people who see the bigger picture are.