A few days ago, David Rachline of the far-right National Front party in France said that "the debt of France is about 2 trillion euros ($2.1 trillion), about 1.7 (trillion euros) are issued under French law, which means that it can be re-denominated." The economic program of the National Front specifically calls for the exit of the euro and the creation of a new currency, the French franc, which would be "closely" linked to the euro while allowing the government to undertake "competitive devaluations" making the transition in an "orderly way". There is only one problem. It does not work. There is no "orderly exit" ... (full story)