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 ...
I wonder how the popcorn futures market is doing.
First thing he’ll do is freeze all assets of the rich and their bank accounts, and then confiscate their wealth, and will have to prevent their exit from the country.
Then, he’ll have to take over all businesses, and run them. It’s the only way that socialists and communists know how to do things, and it’ll please those who voted for him, and then, within a short period of time, they’ll all realize that they screwed themselves into becoming another Cuba or another North Korea.
Obama will be watching closely to see if there are any teachable moments in there for him, because, Hollande will be the guinea pig for Obama’s plans.
Given nobama’s purported interest in men, he may “hand” something to the new french socialist prez...but it won’t be $$$$.
France is screwed. Pretty soon, they’ll be just like California.
Father of nine?
God bless!
I’m going to start investing in white flags right now!
LOL!
Can France inflate its currency given its membership in the EU?
The title reminds of The Cars song, “Let The Good Times Roll”!
http://www.youtube.com/watch?v=JCmkZFMSuFQ
“Good Times Roll”
by the Cars
let the good times roll
let them knock you around
let the good times roll
let them make you a clown
let them leave you up in the air
let them brush your rock and roll hair
let the good times roll
let the good times roll
let the good times roll
let the stories be told
they can say what they want
let the photos be old
let them show what they want
let them leave you up in the air
let them brush your rock and roll hair
let the good times roll
let the good times roll-oll
lets let the good times roll
good times roll
if the illusion is real
let them give you a ride
if they got thunder appeal
let them be on your side
let them leave you up in the air
let them brush your rock and roll hair
lets let the good times roll-oll
let the good times roll
let the good times roll
lets let the good times roll
we’ll let the good times roll
oh-hoh-oh
Au revoir austerity, hello road to bankruptcy & national ruin.
I don’t know how they do that. The can’t print euros and no one will lend a lefty like this money, and Obama isn’t going to give France money in an election year.
Pull out of the euro is about their only option if they want to go Full Krugman.
Right. They’ll spend their way out of debt.
And tax themselves into prosperity.
Is Le Pen conservative?
What is this an image of?
This won’t end well. But I expected this. Few will vote to cut their own benifits.
The famous wagon wherein Germany signed the armistice in 1918, and where Hitler received the surrender of France in 1940.
http://www.tradingeconomics.com/france/government-debt-to-gdp
Oui, c’est vrai.
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