The French revolution took place in 1789 when the old kingdom was overtaken and replaced by la République. After many years of very poor management the people basically got fed up of the king's and his courts' bad policies leading to starvation and impoverishment for anyone but the ruling elite. The last queen, Marie-Antoinette beheaded in 1793, was told to have asked: "If the people do not have bread, why do they not eat pastries?" symbolizing the ignorance.
Anyone finding a similarity with: "If the corporates have a problem finding working capital, why do we not implement a tax on financial transactions?"
More and more of us treasurers just shake our heads in despair to the actions the European leadership takes to solve the crisis: Tobin tax, censoring credit rating agencies, Basel III as just a few examples. Not very impressive.
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