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 ...
The famous wagon wherein Germany signed the armistice in 1918, and where Hitler received the surrender of France in 1940.
Thanks I have never seen that picture before.
The site of the signing of the Armistice had been made a national monument after WW1. Hitler made the French sign their Armistice with Germany at the same site, inside the same railroad car (”only the positions at the table were changed”), in 1940. He then moved the car to Berlin and ordered the site destroyed.
The railroad car was destroyed in a bombing raid on Berlin in 1945, and the site was restored (with a reproduction of the railroad car) in the early 1950s. I was there years ago.
If banks and investors were feeding the debt of the “pigs”, they made a bad investment. I don’t see anything wrong with the people who make bad investments (to stupid socialist governments, guarenteed to go bankrupt) eating the losses of their own stupidity.
Going forward, maybe investors won’t give socialists their money to “invest” thereby helping them to run out of other people’s money quicker. They can not make the world their debt slaves without losing their heads.
Wall Street is going to get creamed, as well. It will not be a good day tomorrow.
People vote for their own oppression.
France does not have it own currency to inflate.
They said goodbye to the Franc when the socialists all united in glee over the euro...
” Damn straight Skippy...that why I made it a rule to drink nothing less than 12 yr old whisky on seeing the election results that pt the current U.S. regime in power.
Life is too short for cheap booze and bullshit! “
Gotcha!
Thanks Third Person.
Thanks, Civ
How woulda thunk it? The socialists running France are going to flush more money down the drain!
The dollar has been rising against the euro. If they don’t wise up soon, France will be Greece in no time. With massive demonstrations and race riots to boot.
Pauvre France! They had their chance, but blew it, by electing Mr Normal Socialist instead of Mr Competent and experienced.
I’m sticking with my prediction that the new gov’t of France won’t last long.
The Mortgage Crisis Hits France Front And Center: Are French Bank Nationalizations Imminent?
Thanks SB.
Heck, the Kermits could hardly afford to nationalize Dexia.
It was interesting to read the socialist integration of this property mortgage entity.
These are the kind of financials that have been out there for years but just came to light with the "stress tests".
yitbos
Par for the course in France. Some kind of Napoleonic inheritance. The state has its snout in every trough.
". . . In France, the authorities are racing to avoid having to rescue Caisse Centrale du Credit Immobilier (3CIF) after Moodys downgraded the mortgage lender last week, warning it could become totally reliant on taxpayer support within months." . . .
yitbos
Here’s hoping! Do you have any polls or predictions?
This is the only site I have for legislative polling. Nothing since May 11, but the campaign just officially began.
http://www.sondages-en-france.fr/sondages/Elections/L%C3%A9gislatives%202012
It does have some interesting info on the scroll down.
Both Melanchon and Le Pen lose
And Claude Guéant, Sarko’s right hand man, wins handily over Tge socialist in round 2
Thanks Cincinna.
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