Popular disgust is mounting over revelations that, while demanding huge social cuts from working people, top French officials took money from billionairess Liliane Bettencourt and helped her evade taxes. The 87-year-old Bettencourt’s net worth of €17 billion, largely in holdings of stock in cosmetics giant L’Oréal, makes her France’s richest woman.
This is almost funny. Almost. It appears that the current rulers in France are on the take from Bettencourt. It also appears that they've made sure that France's richest woman has gotten huge tax breaks. It makes one wonder if the same thing is going on here in the US?
Yesterday, the news web site Mediapart published interviews implicating President Nicolas Sarkozy in the Bettencourt affair. It interviewed Claire T., Bettencourt’s former accountant, currently under investigation, after she testified to police the night before.
Sarkozy's government is trying to impose draconian cuts to the French government's budget. Surprise! And guess who's not going to have to pay a heavy price for those cuts? Bettencourt, of course. And you wonder why the French populace has been marching?
The accountant’s testimony suggests that Bettencourt illegally funded Sarkozy’s election campaign. This threatens to undermine Sarkozy’s political standing in the ruling class by making it untenable for him to carry out the cuts demanded by the financial markets and the political establishment. Sarkozy’s poll ratings recently hit an all-time low of 26 percent.
I'll let you read the rest of the article. In it, you'll read of French politicians going to the Bettencourt's and receiving envelopes stuffed with cash (how low tech). You'll also read of how L’Oréal was used to fund the French fascists. You'll also read of how former President Mitterrand was associated with the funders. It's murky, to say the least. The murk, of course, is of their own making. It will be interesting to see just how far the scandal taints the French ruling class and what effect it will have on the French working class, which is set to see it's standard of living cut to a large extent. It will also be interesting to see if this opens up the doors on others who may have been seeking to corrupt the politics of other countries.


