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Sarko has been a huge disappointment these last two years. Perhaps the Leftist influence of la belle Carlita has been too much to resist.
That being said, France has an enormous stake in assuring that Greece does not collapse: France is the second biggest holder of Greece’s debt.
We still wish Sarko well, and hope he gets his conservative instincts back in play. Europe desperately needs relief from those Socialist disasters.
This time I am on their side.
Just a little over two years ago, the pessimists/experts were telling us the $ was dead, and it was time to go the Euro.
This was part of how smart Europe was versus dumb America which had the “dumb Bush as president” versus the genius and pro Europe Ohaha, on the front burner by the mediots’s campaign to get 0haha elected. When elected Ohaha could give us national health like the Eurotrash countries and make our economy more like the Eurotrash countries.
http://www.freerepublic.com/focus/f-news/1986191/posts
Weak dollar costs U.S. economy its world No. 1 spot
Reuters ^ | Fri Mar 14, 11:10 AM ET
Posted on Saturday, March 15, 2008 9:21:18 AM by Jordi
The U.S. economy lost the title of “world’s biggest” to the euro zone this week as the value of the dollar slumped in currency markets.
Taking the gross domestic product of both economies in 2007, the combined GDP of the 15 countries which use the euro overtook that of the United States when the European currency surged to a record high of more than $1.56 per euro.
“The curious outcome of breaching this latest milestone is that the size of the euro zone’s annual output has now exceeded that of the U.S.,” the economics department of Goldman Sachs, the Wall Street investment bank, said in a note to clients.
Taking official estimates of 2007 GDP — $13,843 billion for the United States and 8,847 billion euros for the euro zone — the economy of the latter passed the United States once converted into dollars, shortly after the euro topped $1.56.
The dollar sank to $1.5688 per euro late in European trading hours on Friday, at which rate the euro zone’s 2007 GDP equates to $13,880 billion.
The 2007 GDP estimates are as published by the U.S. Commerce Department’s Bureau of Economic Analysis and provided to Reuters on request for the euro zone by Eurostat, the European Union’s statistics office.
We live in Germany, sometimes shop in France...(yummy yoghurts, etc.!) Anyway, the point of my post is to say that all receipts still print both Euros and French francs...so one wonders if the French ever really did buy-in to the Euro! Of course, there has been talk of countries pulling out of the Euro since its inception. We’ll see.