Saw the interesting news of French rioters burning and looting as usual, while some people say France is in a quagmire of debt.
So while the rational economic decision would be to embrace austerity and lean down the bloated French state, do you think the rioters can intimidate the European Central Bank and IMF enough to warrant some sort of rescue?
Recently, Christine Lagard the French president of the ECB said there is no issue in the Eurozone bond market that warrants an intervention, and seems she is in favour of letting the chips fall as they may.
But obviously, no-one dares to think what happens if the French economy collapsed (in some sense of the word), so can the rioters use that implicit threat of holding the country hostage unless there is enough bailout, external capital injection, Quant easing, debt jubilee (or whatever term, method they deem politically expedient)?