Will the market for French bonds rally every time the price of brie drops or France wins a soccer game? From the Financial Times:

France to count happiness in GDP
Happiness, long holidays and a sense of well-being may not be everyone’s yardstick for economic performance, but Nicolas Sarkozy believes they should be embraced by the world in a national accounting overhaul.
France’s president on Monday urged other countries to adopt proposed new measures of economic output unveiled by a panel of international economists led by Joseph Stiglitz, the US Nobel Prize winner.
Mr Sarkozy, who set up the Stiglitz-led commission last year, said the world had become trapped in a “cult of figures”.
Insee, the French statistics agency, would set about incorporating the new indicators in its accounting, Mr Sarkozy said.
One consequence of the commission’s proposed enhancements to gross domestic product data would be to improve instantly France’s economic performance by taking into account its high-quality health service, expensive welfare system and long holidays. At the same time, the commission’s changes would downgrade US economic output.

Frankly, I expect a check from Mark Steyn, given the column fodder I’ve offered in these last two posts.