A word of thanks

to all the French voters, who have cut the cost of this year's summer holiday.

In a move that I think in fairness one would have to call courageous, the French electorate have decided that the solution to an over-borrowed state sector that already amounts to 56% of the economy is to spend more money that they don't have and will need to borrow.

This has of course had the obvious effect of reducing the value of the euro, making French holidays that much more enjoyable in sterling terms and possibly reducing the cost of my next German built car, albeit that that has raw materials and components priced in dollars.