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FRANCE’S ECONOMIC ENGINE sputtered to a halt in the spring as French consumers slashed their spending and exports dried up.
The French economy posted zero growth in the second quarter, its national statistics agency said this morning. Government economists had forecast growth of around 0.2 percent in the period.
Growth in the first quarter was nearly 1 percent, but the a sudden reversal in consumer spending and stagnation by the country’s exporters has caused the economy – the Eurozone’s second biggest – to simply seize up.
This morning’s report follows two days of frantic efforts by French officials to soothe investors’ nerves, after suggestions that the country could be the next major economy to lose its coveted triple-A credit rating.
France’s new finance minister took to the airwaves again this morning in a bid to put a positive spin on the weak second-quarter numbers.
“It’s not a surprise that the second quarter is worse than the first, we anticipated this,” Francois Baroin said in an interview on French radio station RTL. He said the government is sticking with its deficit reduction targets despite the lower growth.
The French central bank said this week that the economy will likely grow only 0.2 percent in the third quarter. The bank’s monthly industrial survey showed corporate order books and factory utilisation rates falling for the second month in a row in July.
The former French finance minister Christine Lagarde left the role five days after the end of the second quarter, to take up her new role as the managing director of the IMF.
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Who makes this kinda stuff up? I really don’t understand the mentality of the type of people who would go out of their way to play on people’s fears with a view to stealing from them (information, bank details, whatever).
@lambda sensor: I agree, but if it is a text message it should have a source number so the telephone operators should be able to pass on the information to the gardai. I assume it is an offence to impersonate a government or state (or any) organisation.
Jail without access to the internet for the duration to these scam individuals. If coming from abroad then block the foriegn operators numbers from all texts and calls to Ireland
The telecom operators can be very quick to protect themselves but are lacking in protecting it’s customs. Bet they could stop all texts with the link in it and other scams but for some reason they seem slow to act. Yet social media platforms can stop the spread and remove stuff if needed.
@Niall Ó Cofaigh: There are many SIM card providers out there now so it would be very difficult to track things back to the source. With GSM cards being so cheap and easy to use plus the availability of GSM application SIM cards it is a very simple thing to setup a PC controlled system which will spit out messages all day. Those messages are not even sent from a standard off the shelf phone.
@David Corrigan:
If it is a foreign network, block the whole network and tell them to figure it out…
@David Corrigan: I have no doubt that they are almost certainly run from a device and not single composed messages in most cases and might be hard to trace back – ISP logs could help. But even if the guys could not be stopped the mobile operators could stop messages based upon content unless they have now encrypted plain text messages. We can then go to the ISP to block access to that link. Or do what they did in the USA, do a DNS redirected.
When telecom sites were replicated and phishing sites created to mimic them these sites were blocked or unhosted within 30 minutes – so it is possible to block access and prevent too much harm being done.
@Niall Ó Cofaigh: it can be configured in a way that you only see the name of the sender (the name they give themselves) like when you get a text message from your bank with a one time password to login. The sender in turn can be located abroad.
@Niall Ó Cofaigh: the whole world is seeing cyber theft and scams it is not unique to telcos that you allege ( wrongly ) that are sitting back and not taking action – there is an enormous amount of money and effort and resources spent by operators to try shut down scams – unfortunately once the the internet has been opened to all the smartfones then these challenges get more and more difficult – it is not as straight forward as blocking a call ( I work in this field )
Surely the network operators can block this fake information from circulating .
@Eug J Cummins: Would be next to impossible to do this.
@David Corrigan: block mass commercial texts that use the term HSE that are not from an authorised sender
@Eug J Cummins: They can (and used to many years ago) but wont now.
It would actually be straightforward, but would block advertising companies. These are sent by international SMS relays, and it would take 5 seconds to turn on a block if no number or name present.
Ah any close contact of a positive case would know this is fake . 24 days not one call from HSE. Luckily I contacted my contacts myself . Everybody in same circumstances should do it . If you know you’ve been exposed , contact the people you were with and tell them to quarantine and call their GP. Same if you’re a positive case . Otherwise it’s “ waiting for Godot”.
Those f@#£ers should be shot with balls of there own s#%T
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