France, Greece and Germany election results send austerity shockwaves through Europe

The Telegraph ^ | 5/6/2012 | Bruno Waterfield, Devorah Lauter in Paris

[Bellflower]

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.

[fella]

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.

[bruinbirdman]

"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

[bruinbirdman]

And the rest are witless dupes.

yitbos

[fella]

“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.

[preacher]

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

[Varsity Flight]

“And children shall rise against parents...”

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

[Cronos]

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.

[Falcon4.0]

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.

[WaterWeWaitinFor]

“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.

[St_Thomas_Aquinas]

-—voters demands for a new approach had finally become too great to ignore.——

“New”? As in tried and failed? And tried and failed? And...

[2001convSVT]

Yep, the French just vote themselves more money from a broke Treasury, just wait until they try and collect.

[St_Thomas_Aquinas]

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

Or default, which is also painful. I prefer default, because it would eliminate future entitlement (enslavement) spending, rather than steal from the accumulated wealth of the productive.

Inflation won’t affect the sponging community.

[St_Thomas_Aquinas]

-—It’s hard to think that so many probably fairly educated people can be so utterly clueless.——

It’s a case of wishful thinking or desire overruling the intellect, which is why moral-instruction is as, or more important than, intellectual formation.

[jiggyboy]

I think Sarkozy was trying to cut government spending, and an electorate of socialists doesn’t want to hear that. Hollande promises to “tax the rich” at up to 75% so people don’t have to give up their “free” stuff.

[edcoil]

dollar will get better for awhile because there is no other stable place to put it.

[kabar]

German bunds

[edcoil]

bonds? Not if they are going to be used to funnel money the the EU that will never been seen.

[kabar]

No, German bunds.

The German government's federal bond. The bund is issued to the public as a way for the German government to finance its spending. Like a T-Bill.

[SierraWasp]

GovernMental austerity first, THEN conservative prosperity!!!

Austerity breeds posterity!!!