|Chart copied (with permission) from advfn.com|
The British media so often informs us of the poor condition of the Euro and how Ireland, Portugal and other Euro-countries have such a bad time. Yet it seems the Euro is strong or the £ is astonishingly weak.
The British media so often tells us that inflation in the UK is soaring, yet in France we read the following [from le Canard Enchainé, a satirical publication]
The Secretary of State for Trade and Consumer matters, M. Lefebvre, signed the agreement on April 6, 2011.
Appropriate items will be indicated with a yellow basket label.
Here is the offering of Carrefour for 18 euros for four people (for two meals) or one person for a week....
- des pommes de terre (potatoes), des carottes, des courgettes et des oranges ;
- une brique (tetra-block) de jus d'orange 100 % pur jus ;
- 2 pièces de viande (meat) d'origine France : demi-longe de porc 'sans OGM' [not genetically modified], et de la basse côte de bœuf à griller ; (cheaper cuts indicated)
- 1 kg de poisson (fish) goûteux (tasty) et peu onéreux (le Pangasius) ; [Panga is a fish farmed in Vietnam and some environmental lobbyists claim it is polluted.]
- 1 baguette de pain (bread) (0,43 €) ;
- du fromage à blanc à 0 % gras (soft cheese with 0% fat).
But the tale of economic hardship from the UK is getting wearisome.