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Listen "UBS On-Air: Paul Donovan Daily Audio 'Quantities of money'"
Episode Synopsis
Yesterday, French protestors took to the streets over the last government’s proposed spending cuts. This makes good social media content, and confirms stereotypical media biases, but should not change things for investors. France has large reserves of private wealth that could be mobilized to help fund government borrowing, but more democratic wealth increases mean that such mobilization would affect ordinary citizens.
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