Paris: If you were wondering why France is in such financial shit, you needn’t look further than the way Le Crédit Lyonnais treats its customers.
Are French banks worse than French mechanics?
November 22, I go to the ATM at my local Le Crédit Lyonnais, Agence Butte aux Cailles, bank and request 1,500 euros to fill the Christmas stockings of the family for Grand Pa Fred. The ATM gave me 120 euros and TWO, yes TWO, receipts indicating I received 1,500 euros which were duly deducted from my account.
France: The Yellow Vests movement is gaining new momentum one year later. Students, Hospital Employees, Transportation Workers and more are also protesting. Much needed reforms are on hold. The economy staggers. Social cohesion is being torn at the seams. Could this be the beginning of a perfect storm?
Paris: They are getting too old, or too fat, to build barricades, their hands too soft to dig up cobblestones, but they still have the voice to sing to the glory of those who fought to defend the world’s first workers democracy, a two month long experiment in 1871 which ended in a blood bath: The Paris Commune.
Every September for the past 15 years, the Association “Friends of the Paris Commune 1871” organizes a block party at Place de La Commune de Paris – 1871 (where else?) in the 13th district of Paris. They drink blood red wine made deeper with cassis, curse the Versaillais and Adolphe Thiers who sent the French Army to massacre the people and generally enjoy a Fall afternoon.
Forty-thousand French citizens could find themselves without a bank account at the end of the year because French banks are unable to meet the US tax information reporting law known as FACTA (1), according to Laurent Mignon, the head of the French Banking Federation, FFB. In all there could be more than 300 thousand people across Europe who will have no place to park their money and collect their salaries in 2020.
A trial in Rochefort, south-western France, which could literally cost Maurice his head, has been postponed until July 4. But Bruno Dionis du Séjour, the mayor of a tiny hamlet called Gajac en Gironde (400 inhabitants), is furious and is determined to save not only Maurice but the sounds of rural France. Maurice is a rooster.
The problem began a couple of years ago when a couple bought their secondary residence next door to Corinne Fesseau in Saint Pierre d’Oléron, an island off south western France. Little did they know Maurice would wake them every day at 6:30. The retirees want the rooster silenced.
This is just the latest case of urban elites trying to silence the countryside when they buy a secondary residence. Mayor Dionis du Séjour is counter-attacking by calling for the sounds of the countryside to be declared a “national heritage.”
It was one of the worst experiences of my life. The room in my Moscow student dorm was infested with bedbugs. After two painful and sleepless nights, I was taken to a Soviet hospital to face a doctor with a needle as big as her hat, and made for horses, full of something they said was supposed to calm my suffering.
“You are testing new weapons against us Americans!” I told them. They just shrugged their shoulders. For some societies, bedbugs are a given.
But not in France where Cimex Lectularius was driven out in the 1950s by chemicals that are now forbidden. “Invasion!” “The Plague!” “End of the world.” The French press compete in hyperbole to describe their return: “Bedbugs!”
Paris Rioting hit mainly the chic districts, targetting the symbols of wealth and the 1%: 5-star-hotels, luxury cars, banks, jewelry stores…
After two weeks of Yellow Vest protests, government insults and deaf ears, President Emmanuel Macron is scrambling for answers but unwilling to compromise. There is a no-confidence vote is in the making, the left and right oppositions are calling for new legislative elections and an already weakened economy is teetering. This leaderless, grassroots movement by mainly angry, lower and middle income white French families, may still peter-out, and then again, as I wrote on November 22, in ‘France’s Deplorables Explained’ (Click here), it may not.