Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
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
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

The 2nd Migrant Wave to Germany

by DoDo - Sep 3
85 comments

The UK Left and Brexit

by car05 - Aug 27
10 comments

Brutish, Nasty, Prolonged

by john_evans - Aug 18
26 comments

Periphery, migration & decline

by Metatone - Aug 14
24 comments

It's "Whose Economy, Stupid?"

by Helen - Aug 3
38 comments

Recent Diaries

Occasional Series