Exit polls show Sarkozy has lost in France; Greek voters also turn on leaders
http://www.miamiherald.com/2012/05/06/2786366/exit-polls-show-sarkozy-has-lost.html
“French Socialist Francois Hollande appeared headed to victory over President Nicolas Sarkozy, according to exit polls of voters released by Swiss and Belgian news media.
Those polls showed Hollande with 52 to 53 percent of the vote in an election that turned on solutions for Europe’s economic crisis amid record unemployment in France.
French voters were still headed to cast their ballots when the exit polls were released in the early evening - the French polls close at 8 p.m. local time, 2 p.m. Eastern - but the outcome seemed all but certain. “
The return of socialism... People never learn.
LOL at the Google translator changing “Hollande” to “Netherlands.”
Wonder if that company in Spain counted the votes?
The very socialist Hollande ("Netherlands", (sic)) is, barring some late shock or fraud, going to win by about 53% of the vote.
Early results from Greece appear to show that the so-called New Democrats ("moderate" socialists) will poll about 19%, with the hard-left Syrizia party having about 18% and the fully socialist PASOK party with about 15.5%. Such a result would probably guarantee NO EFFECTIVE COALITION government, and a stone-cold Greek default. There is a foreign-law bond payment due in a week's time, and these bondholders DID NOT join the bailout coalition and thus WILL demand payment. And Greece has no way to pay it, therefore some flavour of lawsuit will eventuate.
Go long NKK (Norwegian Kronor) and short Euro tonight, most likely....but not just yet. Wait for more results; by 6-7pm US time, the results should be clear...but it may well be the case that Greece's counting will go on all night.
France has its own smoldering debt problem due to too much "social spending" and if they don't get a handle on it relatively quickly, the're going to join the PIIGS (Portugal, Italy, Ireland, Greece, Spain.)
Its a one way valve - the state and its clients will always get their way until it becomes physically impossible for them to do so. As it will one day soon.
Granted that this is devastatingly bad for France, why is it bad news for the US? Is this at all positive for Obama?
This will solve all their problems.
Europe is too far down the road where an election will make a big difference. A lot of tough times ahead that can’t be avoided.
Imagine the Tea Party, led by Sarah Palin, as the opposition to the socialists under Obama.
(Why doesn't the U.S. select it's Presidential candidates years in advance — so they can stand by as the official spokesperson for their respective parties?)
The French reject a flawed politician who at least had the goal of setting responsible spending limits for an all out socialist named Hollande.
Idiots.
Kiss the stock market goodbye Monday. It’s going to plunge.
Today the majority of French and Greek people have decided that the best remedy for the economic collapse wrought by decades of socialism is more socialism.
Bon Jouir my Froggy Friends!
Say Good Bye to your paychecks as the Marxists tax you to death and cut the work week to 20 hours....
and give your lazy shiftless peons 90 days paid vacation a year...
and Muslims flood into your country by the Millions!!!
go straight onto welfare and start rioting for more consessions.
you French love your Culture??? what a laugh! in 50 Years you wont be able to find anyone that speaks it.
This only hastens the inevitable. Nothing can change what is coming down the pike.
It is a mescaline fantasy to think that any of these countries are going to give up cradle to grave socialism.
We are next in line.
Quit praying that there will be some sort of last minute epiphany and solution, there or here. Not going to happen. People should be devoting whatever available resources they have towards preparation for what is coming.
Does it really matter who leads France?
The French proving once again they have no men.
An argument could be made that France is Prince William’s by birthright...