FRENCH INCOMPETENCE AND CORRUPTION - Yet, French control over the economies of Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Equatorial Guinea, Ivory Coast, Gabon, Guinea-Bissau, Mali, Niger, the Republic of Congo, Senegal and Togo. In 1996 France devalued the CFR Franc in spite of the protest of most western African nations. Former French Prime Minister Eduard Balladour justified the French dictated devaluation of the CFA Franc because “ it was considered to be the best possibility for aiding the development of the western African countries” , even though another statement by Balladoure indicates that he was aware of that the regulation of a currency is a matter of national sovereignty.The late President of Togo, Etienne Gnassingbé said about the devaluation: “One uses to say that violence overrules justice. I was not the only one who issued the warning….. But France has decided otherwise. The African voices don´t count for much in this affair” Since the independence of the former French colonies in western Africa they are in spite of the richness of their natural resources and the productivity of their populations still catastrophically under-developed.
Posted on: Mon, 25 Aug 2014 12:53:19 +0000
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