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Crédit Suisse points out that it's the considerable rise in property values since 2000 that explains the higher wealth estimation for France. (That and the euro.)

The French poor can always wave the flag and sing the Marseillaise...

by afew (afew(a in a circle)eurotrib_dot_com) on Tue Oct 12th, 2010 at 06:19:21 AM EST
Also, the real estate bubble has popped in the USA, UK, Spain, Ireland... but not in France (yet). There was a drop in 2009, but the powers that be managed to re-inflate it with tax breaks and zero interest loans. So it's "back to normal" and of course, This Time Is Different>.

Construction business is an important part of the French economy and, as noted by Crédit Suisse, of the French people wealth.

At least for the "ordinary" people: I'd be surprised if the top 1% had the bulk of their assets in real estate.

by Bernard on Tue Oct 12th, 2010 at 07:37:26 AM EST
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