France is bankrupt, not according to me but France's employment minister

'France is totally bankrupt': French jobs minister Michel Sapin embarrasses Francois Hollande with shocking statement on state of the country's economy. 

Unexpected news came during a France's employment minister Michel Sapin has admitted the country is "totally bankrupt".

The unexpected news came during a radio interview yesterday and is thought to have sent the country's business leaders into a state of shock.

"There is a state but it is a totally bankrupt state," Mr Sapin said. "That is why we had to put a deficit reduction plan in place, and nothing should make us turn away from that objective."'

More here http://www.independent.co.uk/news/world/europe/france-is-totally-bankrupt-french-jobs-minister-michel-sapin-embarrasses-francois-hollande-with-8471077.html