Skip to comments.Au revoir, austerity! New Euro crisis as French vote for return to ruinous spending
Posted on 05/06/2012 6:36:35 PM PDT by Third Person
Europe was plunged into fresh economic chaos last night as France rejected austerity and elected a tax-and-spend socialist president. Nicolas Sarkozy suffered a humiliating defeat at the hands of Francois Hollande, who ran on a platform of tearing up last Decembers controversial deal to save the euro from oblivion. The inexperienced Mr Hollande is now seeking talks with the European Central Bank and German Chancellor Angela Merkel to demand further borrowing to boost growth.
Read more: http://www.dailymail.co.uk/news/article-2140427/Francois-Hollande-victory-French-presidential-election-spell-disaster-Euro.html#ixzz1u8xkQvsA
(Excerpt) Read more at dailymail.co.uk ...
Just when I thought the French couldn’t GET any more stupid...
Right. They’ll spend their way out of debt.
It will be very interesting to watch what happens when the European markets open up soon:
Veux-tu être ma petite-amie, baby?
France is out of other people’s money, but insists on more. Let the riots begin!
Paul Krugman must be giggling like a little girl. Finally! A country that will implement his economic theories!
"Give us some of that free stuff! We didn't riot, so we deserve it!"
Hollande est le mort de l’Euro.
At some level it will be interesting to watch france’s further deterioration.
The whole world is insane..
DEMAND further borrowing? Inexperienced? Obama version 2?
Obama will bail France out....just watch..
You’re probably right. Obama has already called to congratulate Hollande, and has invited him to the WH.
Doesn't he always?
They are in love with the socialist ideas—now they will discover where it leads—Maybe its a good thing if a better France can come out on the other side. My bet—LePen will be the next President after this. If I had money or if I was Jewish I would be packing my bags now.
Just when I thought the French couldnt GET any more
Fixed it for ya.
“Comrade, what can the American taxpayer do to help?”
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.