Tuesday, April 15, 2008

La Baf Proceeds to Send a Bailiff to Seize the Deficit-Prone French State's Assets

When somebody is going bankrupt or defaulting on their taxes, the courts are known to intervene by sending a sort of bailiff on behalf of the state.

On the basis of that precedent, La Baf asked itself, why shouldn't the government be subject to the same rules? The answer was to send un huissier de justice to the French state (specifically, its coin museum) to seize its assets and pay for its deficit, while prohibiting it from asking for taxes until it gets its finances into shape.

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