French cabinet called back for crisis meetings. In August?

Zut alors! The French economy must really be in the tank if the cabinet is being recalled for emergency meetings on the flagging economy amid the vacation month of August.

A heatwave during August a few years a go wiped out thousands of the elderly as their children couldn’t be bothered to return from the Cote d’Azure to check on them. That’s how hard it is to get a Frenchman to return to Paris in August.

Hell, the ECB usually phones in its August meeting (not this year). The wheels must really be falling off. No wonder the euro trades on the 1.46 handle.