‘Varney & Co.’ host Stuart Varney warns that France’s expanding demonstrations, unsustainable social spending and economic pressures offer a cautionary tale for America.
European social spending cuts and rising interest rates signal a major crisis, Stuart Varney warns. He claims that adopting Europe’s socialist model will severely worsen America’s existing financial problems. Varney points to France, where a proposed 25 billion euro cut in social spending sparked massive street protests, as a warning of the dangers of a super-regulatory state.
Source: www.foxbusiness.com
