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Au revoir, austerity! New Euro crisis as French vote for return to ruinous spending
The Daily Mail UK ^ | May 6th, 2012 | Peter Allen, Tim Shipman, and Rob Davies

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 December’s 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 ...


TOPICS: Business/Economy; Foreign Affairs; Germany; Politics/Elections; Russia; United Kingdom
KEYWORDS: eucrisis; euro; europeanunion; france; francecrisis; franceelection; germany; hollande; stockmarketreaction; unitedkingdom
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Comment #1 Removed by Moderator

To: Third Person

Just when I thought the French couldn’t GET any more stupid...


2 posted on 05/06/2012 6:40:53 PM PDT by RightOnline (I am Andrew Breitbart!)
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To: Third Person

Right. They’ll spend their way out of debt.


3 posted on 05/06/2012 6:43:33 PM PDT by SkyDancer ("Talent Without Ambition Is Sad - Ambition Without Talent Is Worse")
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To: Third Person

It will be very interesting to watch what happens when the European markets open up soon:

http://finance.yahoo.com/intlindices?e=europe


4 posted on 05/06/2012 6:45:23 PM PDT by yefragetuwrabrumuy
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To: Third Person

http://www.askmen.com/celebs/women/models_100/104_carla_bruni.html
Veux-tu être ma petite-amie, baby?


5 posted on 05/06/2012 6:48:09 PM PDT by tumblindice (Our new, happy lives.)
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To: yefragetuwrabrumuy
Asian Markets Fall Sharply On EU Worries, US Jobs>

Already started in Asia.

6 posted on 05/06/2012 6:48:22 PM PDT by WeatherGuy
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To: Third Person

France is out of other people’s money, but insists on more. Let the riots begin!


7 posted on 05/06/2012 6:50:10 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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Paul Krugman must be giggling like a little girl. Finally! A country that will implement his economic theories!


8 posted on 05/06/2012 6:51:02 PM PDT by JeffChrz (Why are college kids worried about an interest rate doubling instead of tuition doubling?)
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To: RightOnline
The Young and the Lazy:

"Give us some of that free stuff! We didn't riot, so we deserve it!"

9 posted on 05/06/2012 6:51:44 PM PDT by Third Person
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To: RightOnline

Hollande est le mort de l’Euro.


10 posted on 05/06/2012 6:55:48 PM PDT by Lonesome in Massachussets (Rush: If Ward Churchill had a daughter, she’d look like Elizabeth Warren.)
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To: Lonesome in Massachussets

At some level it will be interesting to watch france’s further deterioration.


11 posted on 05/06/2012 6:57:58 PM PDT by hal ogen (First Amendment or Reeducation Camp?)
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To: Third Person

The whole world is insane..


12 posted on 05/06/2012 6:58:36 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: RightOnline
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#ixzz1u93C3Sdy

DEMAND further borrowing? Inexperienced? Obama version 2?

13 posted on 05/06/2012 6:58:52 PM PDT by Big Giant Head
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To: hal ogen

Obama will bail France out....just watch..


14 posted on 05/06/2012 6:59:44 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: Lonesome in Massachussets

Oui.....vraiment.


15 posted on 05/06/2012 7:02:50 PM PDT by RightOnline (I am Andrew Breitbart!)
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To: stephenjohnbanker

You’re probably right. Obama has already called to congratulate Hollande, and has invited him to the WH.


16 posted on 05/06/2012 7:03:52 PM PDT by Big Giant Head
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To: JeffChrz
"Paul Krugman must be giggling like a little girl."

Doesn't he always?

17 posted on 05/06/2012 7:03:52 PM PDT by RightOnline (I am Andrew Breitbart!)
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To: SkyDancer

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.


18 posted on 05/06/2012 7:05:56 PM PDT by Forward the Light Brigade (Into the Jaws of H*ll)
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To: RightOnline
Just when I thought the French couldn’t GET any more stupid...

Just when I thought the French couldn’t GET any more stupid...cowardly

Fixed it for ya.

19 posted on 05/06/2012 7:07:25 PM PDT by Gay State Conservative (Julia: a casualty of the "War on Poverty")
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To: Big Giant Head

“Comrade, what can the American taxpayer do to help?”


20 posted on 05/06/2012 7:08:10 PM PDT by Third Person
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