EU: Markets braced for shift away from austerity as Francois Hollande wins French election

The Telegraph ^ | 5/6/2012 | Roland Gribben

[AlaskaErik]

He must have taken notes from Obama’s destruction of America and thought it would work perfectly in France.

[bruinbirdman]

"a democracy always collapses over loose fiscal policy, always followed by a dictatorship. "

This is why the EU Commission was set up. Commissioners are APPOINTED by national governments to eliminate constituencies' demands for the treasury.

EU has not yet given the Commission fiscal authority (Ireland and Greece have).

The U.S.A. started on the right track when state legislatures elected Senators. The 17th Amendment did away with that just after income tax was introduced in the 16th Amendment and a few months before the Federal Reserve was established.

yitbos

[headstamp 2]

“Mr Hollande’s ‘farewell to austerity’ programme, which combines taxing the rich, raising public spending and lowering the retirement age, has raised the expectations of the French electorate about the end of the ‘Merkozy’ era. “

They will now tax and spend their way to prosperity. I just don’t know why somebody else didn’t think of this first.

[SevenofNine]

WOW I hear that before bedtime on CNBC world news YIKES

[Eepsy]

You’re In The Belly Of Sodom?

Yodeling Is The Best Offense, Seriously?

Yellow Irises Turn Brown On Sewage?

Yentl Is Terrific, Barbra’s only Showstopper?

?