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France, Greece and Germany election results send austerity shockwaves through Europe
The Telegraph ^ | 5/6/2012 | Bruno Waterfield, Devorah Lauter in Paris

Posted on 05/06/2012 8:30:13 PM PDT by bruinbirdman

The stunning victory of the French Socialists and wipe-out of mainstream parties in Greece sent shock waves on Sunday night crashing throughout the continent of Europe.


Supporters of Socialist Francois Hollande celebrate in Paris

François Hollande's election threws down the gauntlet to Angela Merkel, the German Chancellor, who has railroaded the eurozone into agreeing a new "fiskalpakt" treaty enshrining Germany's austerity doctrine.

The economic doctrine of austerity, to cut the burden of state spending to free up the economy, has ruled supreme with the support all of Europe's leaders, the European Union and financial markets.

But political leaders were on Sunday night conceding the consensus had been shattered beyond repair.

With Europe's economies plunging further into recession and as unemployment in the eurozone breaks record levels, voters demands for a new approach had finally become to great to ignore.

The popular backlash to EU imposed austerity to the centrist New Democracy and Socialist parties in Greece threatens the existence of the euro itself.

Greece is potentially ungovernable as a minority government must try and pass a new raft of austerity measures next month which are a condition of an EU-IMF bailout and Greek membership of the euro.

In France, while Hollande, the Socialist President-elect is a centrist, he is sitting on a powder keg of resentment at measures that his government will have to pass if it is not spark a meltdown of financial markets.

He has refused to ratify the treaty unless the eurozone and EU also sign up to a "growth pact".

Mr Hollande also horrified Berlin by sneering at the idea that France should change its constitution to enshrine a "debt brake" outlawing Socialist spending levels.

In a meeting in Berlin next week, Chancellor Merkel is set to warn the French President,

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events; Politics/Elections
KEYWORDS: byebyeeuropeanunion; eucrisis; francecrisis; franceelection; hollande
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Reporter, "What does the election of Francois Hollande mean to you?"

Kermit, "No more mortgage. Petrol in the tank. Free education. Maybe a new washing machine."

Reporter, "Where's the money coming from?"

Kermit, "Hollande's stash."

1 posted on 05/06/2012 8:30:20 PM PDT by bruinbirdman
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To: bruinbirdman

I still don’t think they are using the word “austerity” correctly, just my opinion


2 posted on 05/06/2012 8:32:03 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: bruinbirdman

The end of the euro.


3 posted on 05/06/2012 8:32:25 PM PDT by edcoil (It is not over until I win.)
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To: bruinbirdman

Socialist Hollande is “centrist” too?

lol


4 posted on 05/06/2012 8:34:13 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: bruinbirdman

Hey, bring Kermit over here, he could occupy something or another


5 posted on 05/06/2012 8:36:24 PM PDT by terycarl (lurking, but well informed)
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To: bruinbirdman

“Let the Good Times Roll!!!!”

Euros don’t know and they don’t know; they don’t know.

Sad


6 posted on 05/06/2012 8:36:59 PM PDT by jazzo (Resistance is Futile)
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To: bruinbirdman
In a meeting in Berlin next week, Chancellor Merkel is set to warn the French President,

The time for stern letters is past.

No more bailouts. No more promises. No more compromises. Let the bankrupt folks sink. It's the only way to teach them basic truths about math.

7 posted on 05/06/2012 8:38:18 PM PDT by ClearCase_guy (Like Emmett Till, Trayvon Martin has become simply a stick with which to beat Whites.)
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To: jazzo
Americans’ will probably do the same. Stupid people.
8 posted on 05/06/2012 8:39:40 PM PDT by factmart
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To: edcoil

Yes, that’s the first thing that came to my mind. It could be over for the Euro after just 10 years in circulation.


9 posted on 05/06/2012 8:41:36 PM PDT by Red Steel
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To: bruinbirdman

When they say “beneficial crisis” in Europe, they don’t mess around, do they . . . ?


10 posted on 05/06/2012 8:42:00 PM PDT by Olog-hai
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To: Red Steel

Nah. The euro “fathers” wanted a crisis. There’s already a “solution” waiting on the sidelines to be imposed, and a good number of elites are ready to ram it down their citizens’ throats while they’re off-balance.


11 posted on 05/06/2012 8:43:45 PM PDT by Olog-hai
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To: bruinbirdman

The French have been promised FREE SH**T! in exchange for votes for an entire generation, and BY GOD, they want the Free Sh*t!

I saw the CNN Reporter/Bimbette this afternoon saying this should send a VERY LOUD MESSAGE to Romney and the Republicans that Keynes was right, cutting spending doesn’t work, and that they will pay a price for this thinking in November!

It was all I could do to keep from throwing something at the TV, it sounded so stupid.


12 posted on 05/06/2012 8:44:06 PM PDT by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: bruinbirdman

Holidays in the Sun!


13 posted on 05/06/2012 8:45:44 PM PDT by mylife (The Roar Of The Mases Could Be Farts)
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To: ClearCase_guy

When Marianne runs dry, Angela’s boot will provide little nourishment.


14 posted on 05/06/2012 8:48:19 PM PDT by seton89 (Are the Ten Commandments a living document?)
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To: bruinbirdman

Electoral temper tantrums don’t change basic arithmetic or basic economics in the slightest, as Western Europe’s welfare-state parasites are about to find out.


15 posted on 05/06/2012 8:48:58 PM PDT by AnotherUnixGeek
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To: bruinbirdman

Deutchland vs La France. That’s like Texas vs CA. Who’s going to won that one?


16 posted on 05/06/2012 8:54:20 PM PDT by grumpygresh (Democrats delenda est; zero sera dans l'enfer bientot.)
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To: GeronL

I think “austerity” here means the people are going to have to do with less, either via less socialist giveaways, or more taxes.


17 posted on 05/06/2012 9:01:22 PM PDT by jiggyboy (Ten percent of poll respondents are either lying or insane)
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To: bruinbirdman

KEN ROGULSKI: Why are you here?

WOMAN: To get some money.

ROGULSKI: What kind of money?

WOMAN: Obama money.

ROGULSKI: Where’s it coming from?

WOMAN: Obama.

ROGULSKI: And where did Obama get it?

WOMAN: I don’t know. His stash. I don’t know. I don’t know where he got it from but he’s giving it to us, to help us. We love him. That’s why we voted for him. Obama! Obama!


18 posted on 05/06/2012 9:02:26 PM PDT by philetus (Keep doing what you always do and you'll eventually get what you deserve)
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To: jiggyboy

Living within your means is considered disgusting I guess.


19 posted on 05/06/2012 9:04:47 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: bruinbirdman

Give the euro ruling aristocracy a rope and they wanna be cowboys- WWI, WWII, Cold War; at least they’re not slaughtering by the millions again.

Well, not yet anyway...


20 posted on 05/06/2012 9:06:15 PM PDT by 4buttons
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To: tcrlaf

Indeed:

“The mainstream media will attempt to spin French President Nicholas Sarkozy’s loss today to Socialist challenger François Hollande as a rejection of ‘austerity’ policies—and to urge American voters to reject the deficit-cutting politics of the Tea Party when we go to the polls in November. In fact, there are important lessons from France—and they are the precise opposite of what the media is telling us.”

http://www.breitbart.com/Big-Peace/2012/05/06/A-Bas-Les-Laches-What-Sarkozy-Loss-Really-Means-for-America


21 posted on 05/06/2012 9:06:59 PM PDT by jiggyboy (Ten percent of poll respondents are either lying or insane)
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To: bruinbirdman

“With Europe’s economies plunging further into recession and as unemployment in the eurozone breaks record levels, voters demands for a new approach had finally become to great to ignore. “

What “new approach” would that be? These idiots have just bought themselves many decades of misery.


22 posted on 05/06/2012 9:09:30 PM PDT by headstamp 2 (Liberalism: Carrying adolescent values and behavior into adult life.)
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To: bruinbirdman

Gentlemen, start your Panzers!


23 posted on 05/06/2012 9:12:44 PM PDT by PGR88
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To: PGR88

Deficit spending squanders capital and leads to poverty. Financial gimmickry will not produce real wealth. Austerity one way or the other is a reality.


24 posted on 05/06/2012 9:21:11 PM PDT by allendale
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To: AnotherUnixGeek
how are they going to find out?...what will happen to them?...I predict nothing....

what has to happen to the whole world is massive inflation.....I don't see how else the world's debt gets paid....

25 posted on 05/06/2012 9:32:25 PM PDT by cherry
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To: tcrlaf

Must be a Democrat talking point, seen something here locally declaring the same, to which we ask, “then why hasn’t any of stated intent of the Government Stimulus worked since Pelosi, Reid and Congressional Democrats started it in 2007?


26 posted on 05/06/2012 9:35:07 PM PDT by Son House (The Economic Boom Heard Around The World => TEA Party 2012)
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To: edcoil

and the dollar.


27 posted on 05/06/2012 9:38:57 PM PDT by kabar
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To: edcoil

and the dollar.


28 posted on 05/06/2012 9:39:15 PM PDT by kabar
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To: bruinbirdman

Stunningly stupid.


29 posted on 05/06/2012 9:41:22 PM PDT by Seruzawa (Hokey religions and ancient weapons are no match for good a blaster kid.)
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To: jazzo

“The second [wing of the Left] is the highly educated intelligentsia,” continues Gingrich. “These are people of whom Ronald Reagan said ‘it isn’t what they don’t know that’s frightening, it’s what they know that isn’t true.’ These are the people who believe that Castro is really okay, that Chávez is a pretty good guy, and that it was terrific that Ahmadinejad got a nice run last week and no one was mean to him in New York.”

http://www.gingrichproductions.com/reagan/nroint.html


30 posted on 05/06/2012 9:45:29 PM PDT by JediJones (From the makers of Romney, Bloomberg/Schwarzenegger 2016. Because the GOP can never go too far left.)
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To: bruinbirdman

Frogs.


31 posted on 05/06/2012 9:50:11 PM PDT by onyx (SUPPORT FREE REPUBLIC, DONATE MONTHLY. If you want on Sarah Palin's Ping List, let me know.)
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To: bruinbirdman

I’m sure the French know what they’re doing. /s


32 posted on 05/06/2012 9:54:37 PM PDT by GreatRoad (O < 0)
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To: bruinbirdman

Stupid Froggies. The Germans may just come over and kick ass again.


33 posted on 05/06/2012 10:00:07 PM PDT by wjcsux ("In a time of universal deceit, telling the truth becomes a revolutionary act." - George Orwell)
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To: bruinbirdman
Socialist/Marxist Europeans are the Original Dummycrats.
34 posted on 05/06/2012 10:02:12 PM PDT by Chgogal (WSJ, Coulter, Kristol, Krauthammer, Rove et al., STFU. Thank you.)
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To: jiggyboy

The article claims the French voted in the socialist because Sarkozy’s austerity wasn’t austere enough. To that I say, huh?


35 posted on 05/06/2012 10:06:23 PM PDT by JediJones (From the makers of Romney, Bloomberg/Schwarzenegger 2016. Because the GOP can never go too far left.)
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To: cherry
how are they going to find out?...what will happen to them?...I predict nothing....

What will happen to them is that their credit ratings will be slashed, their ability to continue mindlessly borrowing will dry up and the welfare states they've built on unsustainable debt will collapse.
36 posted on 05/06/2012 10:27:02 PM PDT by AnotherUnixGeek
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To: bruinbirdman
This just proves that you can beat somebody with nobody in spite of CONventional wisdom!!!

gitmos

37 posted on 05/06/2012 11:14:59 PM PDT by SierraWasp ("Always vote for principle, though you may vote alone..." --John Quincy Adams)
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To: GeronL
"Socialist Hollande is “centrist” too?"

Of course, in Europe, where Socialism is the euphemistic norm, a leftist is a Commie, Greenie or Anarchist. A patriot is an extreme right winger or Nazi.

yitbos

38 posted on 05/06/2012 11:22:19 PM PDT by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
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To: bruinbirdman


39 posted on 05/06/2012 11:22:49 PM PDT by henbane
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To: Olog-hai
"When they say “beneficial crisis” in Europe, they don’t mess around, do they . . . ?"

Never let a good crisis go to waste. Elect more Republicans.

yitbos

40 posted on 05/06/2012 11:26:22 PM PDT by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
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To: bruinbirdman

It’s hard to think that so many probably fairly educated people can be so utterly clueless. They think all they have to do is demand and wealth will magically flow to them without them having to create it. Talk about a lapse of reality. What these people need are armies of robots to do all the work as they lay on the beaches sipping martinis.


41 posted on 05/06/2012 11:34:58 PM PDT by Bellflower (The LORD is Holy, separated from all sin, perfect, righteous, high and lifted up.)
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To: bruinbirdman
The slothful have spoken and they want their governments to spend their progeny into governmental slavery so that they themselves will not have to work. This will not end well.
42 posted on 05/06/2012 11:41:15 PM PDT by fella ("As it was before Noah, so shall it be again.")
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To: Bellflower
"It’s hard to think that so many probably fairly educated people can be so utterly clueless."

The elite commies are not clueless or dumb. Remember a few things: This is how they make their living. They are godless. Ends justify the means.

yitbos

43 posted on 05/06/2012 11:55:21 PM PDT by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
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To: Bellflower
And the rest are witless dupes.

yitbos

44 posted on 05/06/2012 11:59:33 PM PDT by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
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To: allendale
“Deficit spending squanders capital and leads to poverty. Financial gimmickry will not produce real wealth. Austerity one way or the other is a reality.”

They are selling their “Birthright” for a very small bowl of ill tasting pottage. The ChiComs and the Islam-A-Nazis are going to argue over who gets to buy what.

45 posted on 05/07/2012 12:03:52 AM PDT by fella ("As it was before Noah, so shall it be again.")
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To: bruinbirdman
As of 2:39 CDT Asian & European Market indices are of sharply:

Asia:
http://finance.yahoo.com/intlindices?e=asia

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

46 posted on 05/07/2012 12:40:37 AM PDT by preacher (Communism has only killed 100 million people: Let's give it another chance!)
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To: bruinbirdman

“And children shall rise against parents...”

Stage is set for Global fascism, and its U.S. forced Romneyism.


47 posted on 05/07/2012 2:55:17 AM PDT by Varsity Flight (Phony-Care is the Government Work-Camp: Arbeitsziehungslager)
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To: GeronL

it’s the problem with a welfare state — it gets people so used to sucking at the govt teats that they don’t know what to do when the cow dies.


48 posted on 05/07/2012 3:20:05 AM PDT by Cronos (**Marriage is about commitment, cohabitation is about convenience.**)
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To: bruinbirdman
It's going to be fun watching America's Elite Rich, like Johnny Depp scurry out of the South of France to protect their wealth.
49 posted on 05/07/2012 3:25:29 AM PDT by Falcon4.0
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To: tcrlaf

“It was all I could do to keep from throwing something at the TV, it sounded so stupid.”

You and I should invest in TV manufacturing stocks.

tee hee.


50 posted on 05/07/2012 4:59:24 AM PDT by WaterWeWaitinFor (If we don't help make a change, then who will? It starts with us.)
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