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France In "Political Turmoil" After Hollande Unexpectedly Dissolves Government

Tyler Durden's picture




 

Earlier this morning, those expecting an out of control European deflationary tumble got one step closer to their goal when French President Francois Hollande asked his prime minister, who only assumed the post a few short months ago in March, to form a new government, following what Reuters reported was him "looking to impose his will on the cabinet after rebel leftist ministers had called for an economic policy U-turn" spearheaded by economy minister Arnaud Montebourg demanding an end to French "austerity." The Guardian is somewhat more direct and to the point: "France has entered uncharted political waters after the prime minister, Manuel Valls, presented his government's resignation amid a political crisis triggered by his maverick economy minister who called for an end to austerity policies imposed by Germany."

In short: just days after we reported that trouble was brewing in socialist paradise, when the rating of Venezuela's Maduro tumbled to all-time lows, socialism is once again in turmoil, this time in France.

The details:

The prime minister, a social democrat who has been compared to Tony Blair, acted with characteristic swiftness in a bid to reassert his authority. His aides had let it be known on Sunday that the economy minister, Arnaud Montebourg, had crossed a "yellow line" for his dual crime of criticising both the president of France and a valued ally.

 

Montebourg, 51, fired his first broadside in an interview with Le Monde on Saturday and followed up with a speech to a Socialist party rally the following day. In a veiled reference to President François Hollande, he said that conformism was an enemy and "my enemy is governing". "France is a free country which shouldn't be aligning itself with the obsessions of the German right," he said, urging a "just and sane resistance".

 

He was joined in his criticism by the education minister Benoit Hamon, who on Monday denied that he had been disloyal. A third minister, Aurélie Filipetti, also appeared in danger of losing her job after wishing a "good day" on Twitter to her two dissident colleagues.

Perhaps in an ironic case of poetic justice, she will also be terminated via Twitter? Meanwhile, nothing changes for France where other people's money appears to have run out:

Hollande, who is politically weakened with his approval rating at an all-time low of 17%, asked Valls to form a new government "consistent with the direction set for the country", which is expected to be announced on Tuesday. Valls has pledged to stick to a course in which deficits would be cut while the tax burden on businesses would be eased, bringing him into conflict with the left wing of the party represented by Montebourg. The changes have not yet been carried out, unemployment is at nearly 11% and growth in 2014 is forecast to be only 0.5%.

 

Now, with the fragmentation of the left bursting into the open, Montebourg is scheduled to deliver a speech later on Monday.

 

Centre-right politicians had called for the economy minister to step down, while some Socialists recognised that it was illogical for an economy minister to attack his own government's economic policies. The National Front is demanding the dissolution of parliament.

 

The challenge for Valls will be to put together a government that can win the approval of the national assembly, despite the revolt by the Socialist party's left flank and desertion by the ecologists.

There is some hope that not every minister will become a ward of the state:

Analysts said that Valls was likely to keep Hollande loyalists in the cabinet, including the finance minister, Michel Sapin, the agriculture minister, Stephane Le Foll, and the defence minister, Yves Le Drian. But the justice minister, Christiane Taubira, could be among those to pay the price of falling out with Valls.

 

It remains to be seen whether Valls, who became prime minister in March, will be allowed more leeway in forming his new government, compared with the outgoing cabinet that reflected the internal contradictions of Hollande himself. Le Parisien reported on Monday that he had said to Hollande "it's him or me". referring to Montebourg.

Finally, it is not just the left that is turmoiling. So are the moderates on the center/right:

The crisis is unfolding as politicians already have an eye on the next presidential elections in 2017. Montebourg may now see himself as the flag-bearer of the left, while Valls until now has remained popular in the country as a whole although his popularity ratings have also shrunk.

 

The centre-right UMP is also in crisis, however. Former president Nicolas Sarkozy has not yet announced whether he intends to run although he is widely expected to do so. But former prime minister Alain Juppé, mayor of Bordeaux, and former agriculture minister Bruno Lemaire , have said in the last few days that they would take part in a primary.

The biggest winner from the latest socialist fiasco: the extreme, far right National Front, whose leader Marine Le Pen was one of the biggest winners in this year's European Parliament elections. And so Europe once again goes full circle as the rise of nationalism inevitably follows the now cyclical economic collapse which follows Europe every few decades.

Meanwhile, European stocks soar thanks to both this, and the weaker than expected German IFO Business Climate print, as an out of control European deflationary collapse simply means more "easing" by the ECB (if only for the 1%), which after already being backlogged by the previously announced OMT, TLTRO, and ABS, now has QE on its "to do" list as well.

 

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Mon, 08/25/2014 - 08:04 | 5139778 GetZeeGold
GetZeeGold's picture

 

 

Socialism fails again.....how many times is that now?

Mon, 08/25/2014 - 08:09 | 5139793 linniepar
linniepar's picture

The Vampire Squids doing, most  likely. 

Mon, 08/25/2014 - 08:18 | 5139822 Latina Lover
Latina Lover's picture

It's Putins fault, of course. How dare Russia boycott French food!

Mon, 08/25/2014 - 08:22 | 5139831 NoDebt
NoDebt's picture

There was austerity?

Geez, maybe I was on vacation longer than I thought.

Mon, 08/25/2014 - 08:29 | 5139854 insanelysane
insanelysane's picture

There is only Abenomics, everything else is a degree of Austerity.  Come to think of it, Abenomics is a degree of Austerity.  Oh well, forget I posted anything.

Mon, 08/25/2014 - 08:36 | 5139883 wallstreetapost...
wallstreetaposteriori's picture

This has to be bullish for the periphery.  Fuck it... if you like your union you can keep your union, and if you dont like your union you can break it and unleash massive amounts of bullish QE.  

Mon, 08/25/2014 - 08:33 | 5139875 MalteseFalcon
MalteseFalcon's picture

The only thing more interesting than political inside baseball is French political inside baseball.

 

ZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

Mon, 08/25/2014 - 10:00 | 5140262 A Nanny Moose
A Nanny Moose's picture

Freedom Fries! Bytchez!

Mon, 08/25/2014 - 08:11 | 5139796 Headbanger
Headbanger's picture

What a concept!

If only we would do it here too!

Mon, 08/25/2014 - 08:34 | 5139877 PartysOver
PartysOver's picture

Not out of the question.  FEMA Camps, militarization of local law enforcement,  military planning for riot control.....  All in the USSA.   Table is set, only Q is finding the tipping point.

Mon, 08/25/2014 - 08:40 | 5139895 GetZeeGold
GetZeeGold's picture

 

 

All we have to do now is kill about 10 million people....can we get someone on that?

 

No worries....we've already got the damn bullets. We've got billions of them.......with a B!

Mon, 08/25/2014 - 10:49 | 5140504 JRobby
JRobby's picture

The lab boys have been working overtime on this problem obviously.

They get a bonus in the form of a 40 acre spread in Uraguay within a secured region.

Mon, 08/25/2014 - 10:07 | 5140271 A Nanny Moose
A Nanny Moose's picture

Dissolves Government.

Words that all true abollitionist love.

Tue, 08/26/2014 - 00:20 | 5143659 StychoKiller
StychoKiller's picture

Can I get a Gallon bottle of that?  Chlorine Bleach ain't working!

Mon, 08/25/2014 - 08:12 | 5139801 Seize Mars
Seize Mars's picture

The batting average is holding steady at 100%.

Mon, 08/25/2014 - 08:14 | 5139810 TahoeBilly2012
TahoeBilly2012's picture

Can't the people "dissolve" Hollande? I wish the people could scrap a Government as easily as they can scrap themselves, just seems like a reshuffle at best.

Mon, 08/25/2014 - 08:21 | 5139829 GetZeeGold
GetZeeGold's picture

 

 

I wish the people could scrap a Government

 

Those guys are king at that...it usually involes beheadings and heads on pikes.....kinda like ISIS.

 

Remember the Vendee.....cause it's illegal to talk about in France.

Mon, 08/25/2014 - 09:50 | 5140200 Martian Moon
Martian Moon's picture

No you can't dissolve government

You can only pick flavour A or flavour B

See? you get to choose who rapes you

You have choice

Mon, 08/25/2014 - 10:08 | 5140309 A Nanny Moose
A Nanny Moose's picture

Ain't Dem0ckracy grand?

Mon, 08/25/2014 - 08:23 | 5139838 Azannoth
Azannoth's picture

failed politicians should be dissolved in Nitric Acid, that would solve some problems :)

Mon, 08/25/2014 - 08:14 | 5139808 CH1
CH1's picture

Socialism fails again.....how many times is that now?

So long as envy continues, it doesn't really matter. It'll keep coming back.

Mon, 08/25/2014 - 08:48 | 5139910 PT
PT's picture

Grow up, both of you.

Socialism, communism, capitalism ... at this point they are all just words to send the little people scurrying around in circles.  The "big" people in the room don't need to worry about such trivialities.  They simply have action, and propaganda to justify their action within the dominant paradig-

Don't listen to PT!  When we don't like the laws, we lobby the govt and get them changed!  It is democracy in action!!!  And when we don't like the goverment, we work real hard, save our pennies and buy our own government!!!  Now get off your lazy ass and do some goddamn work and you too can one day change laws and buy the government you deserve.  But if you can't afford to buy your own gummint then you obviously didn't do enough work you lazy slacker so you got the gummint you deserve!!!

We bought our governments fair and square.  It was a genuine anarcho-capitalist free-market transaction!!!

Hugs!  Yours truly
Blankfein, Dimon, Corzine, the Squid et al ...

 

Mon, 08/25/2014 - 10:53 | 5140519 JRobby
JRobby's picture

+1000

They are just jealous of Putin, China, etc. for being so up front with their oppression. They are held back by this silly constitutional argument that pops up occasionally. Really? What constitution?

Mon, 08/25/2014 - 13:57 | 5141250 malek
malek's picture

I downvoted you because:

If someone tries to muddy the waters what exactly "socialism", "capitalism" and all the other -isms really stand for, it is in no way helpful to propose "hey let's just ignore all the -isms [including their true meanings behind them]" because that will only ensure the day after the collapse nobody has the slightest idea how to do a better approach.

Mon, 08/25/2014 - 17:23 | 5142123 PT
PT's picture

Fair enough.  Good point and thank you for spelling it out for us.  But when anyone ever points out any faults with Practical Capitalism, the common retort is, "Oh, that's not Real Capitalism, that is Crony Capitalism."  Further argument then reveals that "Real" Capitalism only ever "really" exists in RainbowUnicornFairyLand ... while no-one ever bothers to make a distinction between "Crony Communism" and "Real Communism", "Crony Socialism and Real Socialism, Crony Monarchies and Real Monarchies (all we have to do is find a king who really is all wise, all knowing, all loving!)  etc, etc, etc ...

... or real Capitalism and Democracy are practised by the Squid et al, as I explained above.

 

Mon, 08/25/2014 - 08:34 | 5139876 TheReplacement
TheReplacement's picture

Only every time.

Mon, 08/25/2014 - 09:21 | 5140037 Thom_333
Thom_333's picture

Socialist shitheads are conditioned to always do what they do...and fail. Look at the shining example of the socialist predecessor Mitterand. Tried the same but had to call it quits when  large amount of french capitalists and capital just upped and left. Including the French Rotschilds. Hey wait aminute...that good or bad...?? Naah...kinda  liked the Eyes wide Shut movie. Why don´t I get invited to those parties?

Mon, 08/25/2014 - 09:47 | 5140190 Freddie
Freddie's picture

I guess he showed Putin and the Russians.  

Mon, 08/25/2014 - 10:52 | 5140518 rwe2late
rwe2late's picture

 We need some more precise terminology.

NEO-conservatives are fake conservatives.

NEO-liberals are fake liberals.

Hollande, the fake socialist, might best be called a NEO-socialist.

 

The critical prefix "NEO" indicating the true core ideology,

the word prefixed indicating merely the politics advertised while seeking popular support.

 

Mon, 08/25/2014 - 08:06 | 5139779 Brazen Heist
Brazen Heist's picture

If the Euro as we know it lasts for another 5 years......it will be a miracle. 

 

Mon, 08/25/2014 - 08:09 | 5139784 GetZeeGold
GetZeeGold's picture

 

 

The Euro was designed to fail.....but the system it was designed to bring in has also failed....which leaves us at scratch.

 

I would also like to state at this point....I don't own a nailgun.

Mon, 08/25/2014 - 08:13 | 5139806 Brazen Heist
Brazen Heist's picture

It was designed to last forever...."a thousand years", like all statist experiments. 

What they didn't tell you is that the USSR never collapsed, it moved to Europe. 

It will last only if Europeans will take enough "internal devaluations" until they are about as poor as their southern neighbours in Africa. After which, the migration will stop at least, because there won't be any point for it any longer. 

Mon, 08/25/2014 - 08:15 | 5139813 TahoeBilly2012
TahoeBilly2012's picture

You are going to make Bono cry, stop this.

Mon, 08/25/2014 - 08:35 | 5139879 TheReplacement
TheReplacement's picture

That's okay.  A shitgum or a tall building will work too.

Mon, 08/25/2014 - 13:59 | 5141264 malek
malek's picture

Don't underestimate the will of people to never admit any mistake.

Mon, 08/25/2014 - 08:08 | 5139786 Irishcyclist
Irishcyclist's picture

This news is about 5 hours old at this point.

CAC is up 1%. 

The disconnect continues uninterrupted.

 

Mon, 08/25/2014 - 08:09 | 5139788 coulous
coulous's picture

And what's the deal with rating agencies ? Moodys, S et P : nobody wants degrade France ??

Mon, 08/25/2014 - 08:11 | 5139799 DavidC
DavidC's picture

Nah, they'll get into trouble if they do!

DavidC

Mon, 08/25/2014 - 09:43 | 5140169 astoriajoe
astoriajoe's picture

I'm sure the Germans do. They are into some crazy stuff over there.

what? not what you meant?

Mon, 08/25/2014 - 10:55 | 5140532 JRobby
JRobby's picture

While they are handing out big fines..............(laugh track deafening)

When do Moody's & S&P get their fines for their contribution to "the crisis" of wealth transfer?

Fucking humps.

Mon, 08/25/2014 - 08:09 | 5139790 Benedict Farse
Benedict Farse's picture

What a load of CAC.

Mon, 08/25/2014 - 08:09 | 5139791 GriP
GriP's picture

Hollande fired the prime minister allegedly because he knew how to do Math.
The Socialist dream must go on.

Mon, 08/25/2014 - 08:12 | 5139798 GetZeeGold
GetZeeGold's picture

 

 

The quest for other peoples money......is on.

Mon, 08/25/2014 - 08:18 | 5139823 the not so migh...
the not so mighty maximiza's picture

Was it ever...off?

Mon, 08/25/2014 - 08:23 | 5139832 HardlyZero
HardlyZero's picture

"Yellow Line"...ok

Arnaud Montebourg, had crossed a "yellow line" for his dual crime of criticising both the president of France and a valued ally.

 

but they better not cross the gold line...like grabbing the gold.    (or people's gold).

Like early 70's to Nixon, when the French started demanding Gold and there wasn't any there...this could get interesting.

If Argentina, France...other socialist start unravelling...then gold may rise again as an economic 'issue'.

Mon, 08/25/2014 - 08:34 | 5139873 IPURDOM75
IPURDOM75's picture

He didn't fire him. Actually it's the contrary.

Mon, 08/25/2014 - 08:13 | 5139811 Seize Mars
Seize Mars's picture

They're having to backpedal and change their story. Ha

Mon, 08/25/2014 - 08:18 | 5139821 Bioscale
Bioscale's picture

This is worth of reading:

http://ericmargolis.com/2014/08/cautious-outrage/

The alleged beheading of freelance journalist James Foley by the shadowy ISIS (or Islamic State) has sparked outrage and horror around the globe.

I say “alleged” because we are not sure if the decapitation was real or faked.

Mon, 08/25/2014 - 08:38 | 5139889 TheReplacement
TheReplacement's picture

Fake or not, the most interesting thing was the words he said before it was done. 

If real, he knew he was going to die and still called on his framily to rise up against the US.

If fake, he still called on his framily to rise up against the US.

Mon, 08/25/2014 - 10:07 | 5140297 Perfecthedge
Perfecthedge's picture

Bioscale thank you for that link!  Fantastic reading.  I ended up reading some of his other comments and this man is spot on. 

Hopefully he as no nailguns laying around the house...

Mon, 08/25/2014 - 10:56 | 5140535 JRobby
JRobby's picture

Hello

Mon, 08/25/2014 - 08:12 | 5139803 RazvanM
RazvanM's picture

Great success! There is no problem, move along. You witness just the standard communist cadres rotation. Nobody will be shot. Yet. Others are to blame: the imigrants, the capitalists, the germans, the americans. The Peasants and Workers fight will continue. Higher taxes on the rich must be imposed! Maybe confiscations. Or maybe make them donate voluntarily. For the good of the People.

Mon, 08/25/2014 - 08:13 | 5139807 AdvancingTime
AdvancingTime's picture

 Austerity is not the cause for the economic woes in France. Austerity is a term that recently has been given all kinds of negative connotations because it is often painful. Economic growth tends to mask a multitude of problems, in economics austerity refers to cutting spending often by lowering and reducing the amount of benefits and public services. 

Austerity policies are often used by governments to try to reduce their deficit spending. Spending cutbacks are sometimes coupled with increases in taxes in an effort to demonstrate long-term fiscal solvency to creditors.  It is easy to point your finger at measures taken to reduce runaway or wasted spending and blame them for creating a reduced spending spiral but that is unfair. More on how Austerity has been given a bum rap in the article below.

http://brucewilds.blogspot.com/2013/04/austerity-is-being-given-bum-rap....

Mon, 08/25/2014 - 08:37 | 5139885 ebworthen
ebworthen's picture

Why impose austerity on individuals and families when corporations and banks feed at the trough of the public treasury in the form of back door central bank lending, bailouts, and QE?

I'm all for fiscal conservatism and limited government, but not if it doesn't include pulling the banks and corporations off the government teat.

Mon, 08/25/2014 - 08:42 | 5139904 GetZeeGold
GetZeeGold's picture

 

 

Would you say I have a plethora of Austerity Pepe?

Mon, 08/25/2014 - 08:15 | 5139815 Dr. Engali
Dr. Engali's picture

Curious, nobody ever, ever seems to be extreme far left in any of these articles.

Mon, 08/25/2014 - 08:23 | 5139835 NoDebt
NoDebt's picture

Because they haven't found it's outer limits yet.

Mon, 08/25/2014 - 08:31 | 5139858 GetZeeGold
GetZeeGold's picture

 

 

Curious, nobody ever, ever seems to be extreme far left in any of these articles.

 

Don't write that crap.....cause I think they're on to us.

Mon, 08/25/2014 - 09:22 | 5140039 RaceToTheBottom
RaceToTheBottom's picture

WS Welfare never comes up either....  Funny.

Mon, 08/25/2014 - 08:16 | 5139816 IPURDOM75
IPURDOM75's picture

GO National Front! End the UE, the EURO, the Banks cartel! Head to the BRICS ! Go Go Go !!!

Mon, 08/25/2014 - 23:46 | 5143572 radiobomb
radiobomb's picture

yeah , we heard you shout that already, ... could you let me know which country got sorted by having a far right political party in power ?

Curious. 

Mon, 08/25/2014 - 08:16 | 5139817 IPURDOM75
IPURDOM75's picture

GO National Front! End the UE, the EURO, the Banks cartel! Head to the BRICS ! Go Go Go !!!

Mon, 08/25/2014 - 08:52 | 5139936 radiobomb
radiobomb's picture

the Front National is a far right extremist party that whips up hate and negative emotions, uses inflammatory rhetoric and imagery, and spouts false predictions of consequencies of it's policy.  It is france's Nazi party.

They toned down this rhetoric before the Eu elections, and are the only party against the Eu.  Which is why they won .... It doesn't change the fact that behind this facade lies the old party, with unchanged idealogy and policy. Racist, xenophobic, homophobic, narrow-minded bigots with a nationalist at-all-costs agenda.  VERY dangerous.  Marine Le Pen is likely to become the next president.

France is  fucked if this happens.

The problem is that no other party is proposing to withdraw from Eu. People here hate the EU [appart from the farmers who exist on CAP handouts, and obey monsanto], it has only brought hardship and complexity tinged with austerity and lies.  This is why the FN has gained votes. However the hidden agenda will spring to the foreground once next election is won. And they will push through outragous policy claiming mandate tacit support.  Prepare for race-riots and civil disobedience throughout France when this happens.  Huge immigrant percentage of population, >3million unemployed [and realworld figures say more like 4million], miilions of dis-affected youth, economy in the crapper, wages down while cost of living up. Recipe for disaster.

I do not like the Eu, but I hate nazis more.  Educated people I know here are seriously worried as no one is credible competition to the the FN. Uneducated people I know here are genuinely going to vote FN [claiming it's a protest vote].

'yes' to ending the Euro, Eu farce, & the 'anti-democracy' that it represents, but 'no' to extreme hate politics.

Mon, 08/25/2014 - 09:30 | 5140035 IPURDOM75
IPURDOM75's picture

I don't want to be rude, but you don't knwo what you're talking about. I live in France and I can tell you that the FN is not what you have written. For me it's like saying Ron Paul, UKIP or even Putin are Nazi. Stupid! Do me a favor, stop reading mainstream press!

Note they re not the only one against the UE and the Euro, the far left and the gaullist party as well. They're succesufl because they have the same program since the Maastricht treaty and their critics against Euro and UE are the most relevant and coherent with other aspects of their programs. That's why in French eyes, FN is teh only capable to end this EU farce! They're true patriot, not racist and antisemitic as presstitute media owns by the banks cartel wants to called them.

 

 

Mon, 08/25/2014 - 09:53 | 5140216 radiobomb
radiobomb's picture

hi Ipurdom75, I too live in france. I suggest you go to local markets and pick up some FN 'litterature'.  I do not have TV, and do not subscribe to mainstream press. I suport UKIP & follow Nigel Farage's entertaining Brussels bruising rants [youtube & ukip pages]. I like Ron Paul.  Anyway....

Many of the FN tracts call for 4million 'foreigners' to be expelled from france. Fact.  So the xenophobic label applies bigtime. Cant believe that you didnt know that.  

We share the same views on political europe though, and the ridiculous way that multinationals run the show [inc banks/agri/pharma/mil/media].  I am against the euro, and undemocratic top-down Eu politics.

Yes, the communist party is also against political europe, but has not excited the population and did very badly in recent elections. Most french do not believe a move to the extreme left is the solution. 

I would like to see a political change here, for the good of the civilian. The FN is a dangerous way to acheive it [in my opinion], and will bring it's not-so-hidden agendas to the table once elected.  Ask some french people [who are not FN supporters] what they think.

cheers.

 

Mon, 08/25/2014 - 10:42 | 5140457 IPURDOM75
IPURDOM75's picture

FN program. read it! Then, maybe, you'll knwo what you're talking about.

If you need help for translation, be my guest!

http://www.frontnational.com/le-projet-de-marine-le-pen/

Mon, 08/25/2014 - 11:14 | 5140618 radiobomb
radiobomb's picture

wow, believe the politicans word for word on their own propaganda site. Sounds fantastic. Never have political parties lied, exagerated or mis-represented policy. <sarc>

did you read the links above ? they are in english....

never mind.......  do you support the bnp too ?

Mon, 08/25/2014 - 11:44 | 5140684 IPURDOM75
IPURDOM75's picture

Just showing you you're a liar with your 4millions expelled foreigners. That's it.

I read your articles so what? English guys knows better?That's exactly the same propaganda I read every day within the french presstitute media. No difference. When you're accusing your opponent to be racist or antisemitic, for me, it's because you're short of arguments. i think it's your case unfortunately.

you're supporting the UKIP, sorry to tell you Farage is sponsored by the City of London. An ex trader fighting for the people? let me joke! Make your own research on Internet you'll find.

I guess nobody's perfect. 

Regards,

 

 

Mon, 08/25/2014 - 16:41 | 5141954 IPURDOM75
IPURDOM75's picture

Quote totally out of the it's context. typical job of the presstitue. It's like a blow job for a hooker : the basic!

Mon, 08/25/2014 - 10:44 | 5140412 IPURDOM75
IPURDOM75's picture

Radiobomb,

Expelled of foreigners? Fact? I really doubt you've seen such tracts under marine's presidency. they want to expell foreigner if they have done fellony or terrorism. That's all! FACT!! I put this on your bad french, surely you don't understand everything you read.

Immigration is a way for the multinational to lower the wages down. I can see it on my every day's life : taxi driver, cleaning lady, all the services jobs are now being done by illegal immigrant paid nothing. So Yes, to be coherent FN is against mass immigration. Do I have the right to be against immigration without being called a racist or xenophobic or even better antisemitic????

That's the reason left party against UE are very low in the poll, even though they re saying the same stuff about europe, because they're pro immigration.

If you want the youth immigrants to be properly integrated in this country, the prerequisite is to STOP mass immigration, otherwise we gonna end up with huge ghetto like in the US. I don't want that!!!

Now talking about banks, FN is the only party which openly asking for the repeal of the law of 1973 which gives the banks the monopoly to create money. FN is the only party openly against the NATO and againt the atlantic view on foreign affairs. In a lots of ways they re very close to General de Gaulle views.

I could continue like this for hours.

Go to their site, read the program and then we could talk!! rest is leftistbankingpropaganda!!

 

 

 

 

Mon, 08/25/2014 - 15:16 | 5141448 crazytechnician
crazytechnician's picture

The reason the french economy is fucked is because 60% of the french economy is public sector. It is a parasite hanging around the kneck of the private sector. Because of the high taxes and red tape , costs , penalties , it's impossible for anybody to start a small business , anybody arrogant enough to create a new business is taxed and red taped out of existance within a few years. All the french young people who want to create new startups are moving to the UK , where instead of being treated like criminals they are welcomed and get invested in.  Fuck trying to start any business in France , they think if you want to start a business , create new employment and train young people they think you are some kind of criminal and dump 2000 pages of french employment law in front of you. Who the fuck would want to invest in that kind of climate ? It's one step away from all out communism. Until that is stopped then france will continue to go downhill , blaming the foreigners all the way when instead it is the failed socilialst system which has failed.  France has the potential to be a wonderful place for new business , it has all the qualities of being one of the best places in the world , the mountains , the wine , the food , the oceans , beaches , it has everything , but for some reason they want a socailist parasitic system and everything given for free , at the expense of private entrerpise and people who want to create new business and new employment.

http://www.independent.co.uk/news/business/news/french-pub-fined-9000-af...

https://www.facebook.com/toi.auss.soutien.maman.lapin

Mon, 08/25/2014 - 16:39 | 5141946 IPURDOM75
IPURDOM75's picture

I totally agree with you! That's one of the main problem with the french economy along with the overwhelming size of the french banks cartel!

Mon, 08/25/2014 - 23:40 | 5143554 radiobomb
radiobomb's picture

+1

Mon, 08/25/2014 - 08:19 | 5139824 pan
pan's picture

I wish Obama would dissolve government.

 

Mon, 08/25/2014 - 08:22 | 5139833 Brazen Heist
Brazen Heist's picture

I wish Obama dissolves!

Mon, 08/25/2014 - 08:25 | 5139841 NoDebt
NoDebt's picture

In terms of foreign policy, he pretty much already has.

Mon, 08/25/2014 - 08:35 | 5139882 GetZeeGold
GetZeeGold's picture

 

 

There is joy in the Jimmy Carter household today.....2nd worse president ever....not bad.

Mon, 08/25/2014 - 08:19 | 5139827 JustObserving
JustObserving's picture

How can France afford a trade deficit of $40 billion a month? All those Russian sanctions are boomeranging.

French GDP posted 0 percent growth. Trade, investment and manufacturing slumped, and consumer prices declined 0.3 percent in July. Unemployment—already at historic levels, with over 3 million jobless—is rising. With French exports stagnating, the trade deficit soared to an astronomical €30 billion (US$40.2 billion) in June.

http://www.wsws.org/en/articles/2014/08/16/frec-a16.html

Mon, 08/25/2014 - 12:43 | 5140947 Analyse2
Analyse2's picture

Bad reading of the article: http://www.wsws.org/en/articles/2014/08/16/frec-a16.html

$40 billion is the dedficit of the first half of the year (6 months) and not the deficit in June ...

 

 

Mon, 08/25/2014 - 08:20 | 5139828 Pumpkin
Pumpkin's picture

I have never figured out why, governments with armies, didn't just kill the banker and steal all his money. 

Mon, 08/25/2014 - 08:25 | 5139839 blindman
blindman's picture

it is not the banker's money, the banker just controls
your, other people's, money. it is the system, if the banker goes
than who will control your money?

Mon, 08/25/2014 - 09:49 | 5140201 DeliciousSteak
DeliciousSteak's picture

It's been done before. By the French even! Back in year Spear and Shield King Philip IV of France moved on the Templars, banker baddies of the day, and confiscated their assets. Along with torturing and killing them, of course, because that's what the money changers deserve.

Mon, 08/25/2014 - 08:21 | 5139830 spankfish
spankfish's picture

Hollande sauce for everyone!

 

<sarc/off>

Mon, 08/25/2014 - 08:23 | 5139834 blindman
blindman's picture

something still smells very Vichy.
.
Quantitative Easing - Crash Course Chapter 10
What exactly is this process that the world is betting on?
by Adam Taggart
Friday, August 22, 2014, 9:34 PM
http://www.peakprosperity.com/blog/86790/quantitative-easing-crash-cours...

Mon, 08/25/2014 - 08:26 | 5139843 RealityCheque
RealityCheque's picture

Quick Francois! Have an affair with some hot, slutty middle-aged model and the people will love you again!

Whats that? You already did that? Oh, well maybe fuck a dude this time. It works for Barry!

Mon, 08/25/2014 - 08:27 | 5139844 no1wonder
no1wonder's picture

France is an ungovernable rat's nest so central government is window dressing.

This isn't a left or right wing issue but more of a case of just how France is and has been for several hundred years.

Mon, 08/25/2014 - 08:57 | 5139956 piratepiet
piratepiet's picture

thank you for your insightful analysis.  Really helps me understand the state France is in at the moment.   

Mon, 08/25/2014 - 08:26 | 5139846 orangegeek
orangegeek's picture

They'll be speaking German in france very soon now. 

 

No more foie gras.  It's called liverwurst.

Mon, 08/25/2014 - 09:26 | 5140070 Thom_333
Thom_333's picture

Yes - the Germs were taught a hard lesson in how things really works...there´s nothing worse than thinking that you are on the winning side in a conflict and don´t learn from it.

Mon, 08/25/2014 - 08:31 | 5139862 ebworthen
ebworthen's picture

France should bring back the Musketeers.

BTW - Socialism and Capitalism have merged to become Kleptoligarchyism.

Mon, 08/25/2014 - 08:43 | 5139905 NoWayJose
NoWayJose's picture

I like the 'imposed by Germany' part. I thought austerity was either voluntary or imposed by the agreements of the whole EU or by controls implemented by the IMF.

Mon, 08/25/2014 - 08:58 | 5139957 Smegley Wanxalot
Smegley Wanxalot's picture

You forgot the rules in Europe:

(1) Blame the Jews, and if you cant to that, (2) Blame the krauts.

Mon, 08/25/2014 - 09:11 | 5140000 TheReplacement
TheReplacement's picture

(3) Blame the Ruskies

and when that ultimately fails,

(4) Blame the US

Mon, 08/25/2014 - 09:31 | 5140019 piratepiet
piratepiet's picture

Your stereotyping of Europeans is insulting to me. 

( oh, you were trying to be funny ? ->fail too ). 

I don't know from which perspective you are writing that.

Are you jewish ?  Are you American ?  Do you feel exceptional ?

 

Mon, 08/25/2014 - 10:31 | 5140378 Comte d'herblay
Comte d&#039;herblay's picture

Stereotype or not, can U explain how----- without a 40 year Conspiracy----- one ethnic group is in control of every major financial nexus in the World??


Vote dow:

 

J Yell is a Jew.  

Bernanke is a Jew.  

Greenspan is a Jew.  

Geithner is a Jew.  

Lew is a Jew.  

Orszag is a Jew.  

Rubin is a Jew.  

Summers is a Jew.

Blankfein is a Jew.

Fuld is a Jew.

Madoff is a Jew.

Soros is a Jew.

Cayne is a Jew.

Gensler is a Jew.

Fink is a Jew.

Strauss Kahn is a Jew. 

Now,

Substitute any other ethnic group for those Jews, and what do you think the Jewish controlled media would be saying about them all being, say, Sicilians, Germans, Black, Japanese, Hispanic?

The Europeans at least have a much more objective view about the money changers than human beans in the U.S. because this kind of conspiracy is suppressed, goes unanswered, and is totally ignored by a Jewish controllled media. For obvious reasons. 

And there are many more in powerful positions due to AIPAC that influence or outright control practically every FRN in the world.  

Only ostriches are less clueless than the 330,000,000  who are either ignorant of the truth or choose to ignore it at their own peril.

Including you.

 



Mon, 08/25/2014 - 13:59 | 5140842 piratepiet
piratepiet's picture

I am a relatively young European from a modest background.

Having said that, most of the persons you mention are known to me, including the tribe they ( are said to ) belong to.  The conspiracy hypothesis is known to me too.  So you don't really bring anything new to the table in terms of relevant facts, nor in terms of analysis.

Your post could of course be some kind of bait.  Who knows which kind of people are roaming around on zerohedge.  A lot of brilliant minds in any case. 

I am well aware the jews are an immensely powerful and intellectual group.  

Yes I do worry that some jews do sometimes discriminate positively against their fellow jews (as happens from time to time in every ethnic group ).  Does the situation warrant using the term conspiracy ?  Politically speaking, no, it certainly does not.  That does not mean I wouldn't personally like to see some things change ( but my opinion is largely irrelevant ).

Yes I do worry about imbalances that can result from one group becoming very powerful. 

Yes I have wondered whether or not the collapse of a national banking system could be by design.  I do not know. 

And yes I have been thinking about a few other things.

All of this does not change that I find it wrong to use them as a scapegoat to deflect blame as the above poster suggested is standard practice in Europe. 

I ( foolishly or not ) am under the impression the US is in decline.  The risk of irrational reactions towards jews in the future is higher in the US than in Europe imho.

There has been a terrible conflict in the past in Europe between jews and non-jews and I can certainly not carry the weight of history on my little shoulders. 

The bottom line is that it goes against my values to be biased against an individual solely based on his or her genetic make-up.  ( but sometimes I still fail ). 

Maybe one of the things America taught us. 

 

Mon, 08/25/2014 - 14:08 | 5141291 Comte d'herblay
Comte d&#039;herblay's picture

ditto

Mon, 08/25/2014 - 14:07 | 5141292 Comte d'herblay
Comte d&#039;herblay's picture

One note popped out at me: "....I am under the impression the US is in decline".

 

Yes, except for All the jews I mentioned above and many more are nominally at least, americans, but Strauss-Kahn.  

To a man---yes, J Yell, too----they have been given trillions if not quadrillions of new FRNs for their utterly absymal failure in 2007-2008.  No questions asked, AND they are sill being given at least $65 billion ---that we have been told---per month.  This has been going on for 6 years, and continuing.

The magnitude of this kind of fraud, openly practiced, has never in the history of the world as we know it, b 4 been done. It cannot occur WITHOUT a huge conspiracy being at work, 366/24/7.

I have no problem with 99% of the Jews, the ones in my acquaintance, and yes, relatives by marriage, are the finest human beans I have ever come across in their compassion, intelligence, pride of place, and accomplishments, (although one, my best friend, who rides a motorcycle, is a slacker).

It is a select few at the very top of the pyramid who are all allied in a "Coincidence of Interests", that is the conspiracy without question.

"The Shadow Elite", as they are so aptly labeled by the inimitable Ms. Janine Wedel, also a jewess.  

It may go against your values to be biased,  but it is not bias to recognize their duplicity, crimes, self-dealing and you can feel free to be critical of the men and women above whose ethnicity you would rather not deal with. 

And I repeat, what if they were all Japanese?  Sicilian?    Just another coincidence???

 

 

Mon, 08/25/2014 - 15:36 | 5141604 piratepiet
piratepiet's picture

I write above that, politically speaking, the situation does certainly not warrant the term conspiracy.  That is a personal, political statement.  

As for these TARP and QE programs (I am really not too familiar with these but believe QE is now much lower than 65 billion USD per month) : this is really happening in the open, no disguise, full knowledge of politicians.  So I do not see a major problem in that respect.  But in the end it will depend on the judgement of the American people. 

 

 

Mon, 08/25/2014 - 17:52 | 5142234 Comte d'herblay
Comte d&#039;herblay's picture

It certainly does warrant the term conspiracy because it takes the participation of a very few omnipotent players to make it happen.  And I guarantee you that it would be on the front page as a Conspiracy if all the participants were black, sicilian, cambodian, or hispanic

To look at what you have been told QE is now, and believe it, is akin to believing in the Resurrection, multiplying loaves of bread and fishes, and Lazarus rising from the dead.  And the quadrillion they have been given to buy yachts, pay themselves billions in unearned bonuses-----banking "profits" by these people are the highest EVER recorded in our history this year.  And none of that gets to the people, mostly just to the Jews.c

Your trust in our governors is remarkable.

As I said, it's happening right in our faces, in the open, THAT"s how audacious these Elitists of one Ethnic group are.   They really don't give a crap about the fact that we know who they are. 

The judgment of the American people is on display and about as 'just' as the exoneration of O J Simpson in the brutal murder of Ron and Nicole. The American people, the majority of them re-elected George Bush, and Bill Clinton, two---in any other country---war criminals. The American people spend more time watching "The Real Housewives of Miami"  than they do learning about the voting record of politicians they put in office that screw them over for decades.  The american people are the model for how not to run a democratic republic.  

Just how old are you??  You can't be French because they know what's happening at a far more sophisticated level than you do as a European. 

Tue, 08/26/2014 - 18:57 | 5146978 piratepiet
piratepiet's picture

Thanks for your answer. 

Yes the French are very sophisticated.  Paris being one of the very few places in Europe where real sovereignty is palpable, much to the chagrin of the Americans who apparently have to resort to silly tactics like the Paris Review in an effort to get some foothold. 

Impossible n'est pas français !

See you around. 

 

Wed, 08/27/2014 - 07:19 | 5148355 Comte d'herblay
Comte d&#039;herblay's picture

au revoir, mon ami.

Mon, 08/25/2014 - 19:30 | 5141535 piratepiet
piratepiet's picture

Clarification :

I wrote above that, politically speaking, the situation does certainly not warrant the use of the term conspiracy.  This is a personal and political statement. 

Wed, 08/27/2014 - 17:03 | 5146950 piratepiet
piratepiet's picture

In the above posts I do not want to imply that the degree of positive discrimination towards group members can not differ between different ethnic groups.  I have ( partly undisclosed ) reasons not to even want to try to rank/compare the different ethnic groups here in this regard and in regard of the impact their behaviour has on the world.  People who want to venture there, a note of caution : it is a minefield.  You will probably suspect a lot, but soon realise you know little.  But maybe you are more intelligent and more courageous than I am.  ( do not count on it ). 

Ideology, including religion, should be fair game to criticize, as long as you know what you are talking about and make a clear distinction between the ideology/religion and the people. 

Let us try not to generalize too much by attributing characteristics too whole groups of people.  But when we encounter individuals who discriminate unfairly, let us have the strenghth and courage to stand up to them.  And above all : let us be vigilant towards our own prejudices and unfair practices.   

 

Mon, 08/25/2014 - 09:31 | 5140090 Thom_333
Thom_333's picture

Your world view is way to crude and primitive. Some year ago (when the names wre current) I used to tell UKanians I met at parties the story of how things really work in the form of an allergory...Virgin went to see Darling (for a bailout) but ended up with Balls instead , could have been worse , could have been Brown.

No one understood what I tried to tell them - that you need to fuck someone to avoid getting fucked.

Mon, 08/25/2014 - 08:59 | 5139962 germanski
germanski's picture

Laws, treaties, voting rules are for Germans and other little people only.

Not for French free spirits and the English Empire, see Junckers recently : - )

Mon, 08/25/2014 - 08:45 | 5139912 Smegley Wanxalot
Smegley Wanxalot's picture

Damn it!  Bush fucked up France too!

Mon, 08/25/2014 - 08:48 | 5139919 GetZeeGold
GetZeeGold's picture

 

 

Just admit it.....the guy is pretty damn good.

Mon, 08/25/2014 - 08:48 | 5139918 alexmark2013
alexmark2013's picture

Paris Government Split, Italian Government Broke: Eurozone’s Crisis Now Deeper Than Ever.

http://investmentwatchblog.com/paris-government-split-italian-government-broke-eurozones-crisis-now-deeper-than-ever/

Mon, 08/25/2014 - 10:19 | 5140347 Comte d'herblay
Comte d&#039;herblay's picture

Gives one hope, in despair of a dream come true..... Getting rid of the U.S. government......just that quick.

!!!Vive l'France!!!

Mon, 08/25/2014 - 09:07 | 5139986 smacker
smacker's picture

"France In "Political Turmoil"

How delightful ;-) I couldn't wish it on a better bunch of frogs :

https://en.wikipedia.org/wiki/Frog#mediaviewer/File:Phrynosequence_bodyF...

Mon, 08/25/2014 - 09:44 | 5140077 falak pema
falak pema's picture

The French Vth Republic of de Gaulle to Chirac period  went regressively IV th under Sarko in Libya and then  with Hollande I acting as political son of Guy Mollet in his current African and Syrian knee jerks. It is now going III rd Republic under Hollande II, which will take it to full Daladier compatibility, until the probable election of Marine Le Pen makes France totally Petainist in 2017.

What a spiral.  Back to the 1930s ! 

Of course, the French descent of its political elite class back to the dark days of the 1930s is reminiscent of the descent of the whole world into neo-feudal corpo-fascism under Pax Americana hegemony, reverting to Cold War rhetoric and tactics and further-more back into ME Crusader zeal with a vengeance.

A Crusader zeal that began in Nam against the Commie-- totally carbon copied from France's sterile, tortuous and torturous rampage in Battle of Algiers-- (Thank you Gen Aussaresses who taught the Green Berets at Fort Bragg about his Algiers exploits before teaching the Argentinian generals the same (Vidella and consorts)-- when they used helicoptors to throw out dissidents just like the French in Algiers. Those CIA Green Berets used Algiers counter insurgency tactics to fight the Vietcong in the same barbarous way. As they say : The French Army spread syphilis all thru Europe during the Italian Wars of the Renaissance, when it was imported into Naples on a Genoese boat.

Gen Aussaresses has enhanced that tradition by infecting the Green Berets with the same type of disease that he taught them at Fort Bragg and that they subsequently used in Operation Phoenix...).

Some great collaboration between France and the US spooks and goons brigade of the MIC all thru the 60s and 70s, on all continents of the world defending "our way of life" and spreading "God wills it" Crusader  zeal. Even the Mossad was invited to Camp Manaus ! What a party that was! Just ask Allende's ghost ! 

It can probably be said that the sterile wars and resulting humiliation of France during its lost colonial wars in Indochina and Algeria were carbon copied by the USA in the SAME PERVERTED MINDSET and will lead to a similar conclusion in their plays in the ME.

Some self fulfilling prophecy that Aussaresses inculcated to the CIA/Green Berets! 

 That Crusader zeal was re-ignited by GWB, post US mayhem in Iraq I and resultant Saudi initiated, heretic, Wahhabist mantra inspired backlash on 9/11,  against the "rogue states" -- in line with Clash of Civilization NWO mantra.

And we have had what followed, like Clockwork Orange : Afghan and Iraq II  evisceration of a whole region.

To cut a long story short, of this dystopian build up, this whole dirty spiel of ongoing imperial hegemony leaves no other options to current Potus except to get sucked back into Charybdis before hitting the upcoming rock of Scylla. 

Some Odyssey for Pax Americana now  programmed in the cards. 

Macbeth and cauldron bubble !

Who is Lady Macbeth?  I guess we'll find that out in the sequel ! 

Mon, 08/25/2014 - 10:09 | 5140316 Manipulism
Manipulism's picture

Perlen vor die Säue!

Mon, 08/25/2014 - 10:17 | 5140341 falak pema
falak pema's picture

lol, you know, as Depardieu said in one of his famous film repartees :

There is NOTHING inedible in a pig ! 

Mon, 08/25/2014 - 10:37 | 5140427 Manipulism
Manipulism's picture

The "nonresponse" to your posts speaks for itself.

I admire your patience.

Mon, 08/25/2014 - 10:35 | 5140420 piratepiet
piratepiet's picture

Thanks France, UK and US for messing up Libya.  ( I was also disappointed to learn even Germany played a role, albeit a minor one ).

Mon, 08/25/2014 - 11:10 | 5140602 ThroxxOfVron
ThroxxOfVron's picture

Let us not forget teh spanish murderer Cortes and his mercenaries bringing the despicable Requiremento and syphilis to Yucatan...

Africa would be bereft of Africans and Asia would have few free and full blooded Asians if there had not been a rich North America for Europeans to direct their thirsts to plunder, rape and butcher to for the last 600 years.

Mon, 08/25/2014 - 09:37 | 5140130 Smiley
Smiley's picture

At least socialism has that whole falling on your face as a complete failure thing down; hell they are 100% on that.  Ever notice that people pitching socialism sound just like 6 year old kids whining and throwing tantrums as a way to get ice cream and new toys?  Nagging until people give in to shut you up is not a sound political platform, it is collective a temper tantrum that ALWAYS does more harm than good; EVERY SINGLE TIME.

Mon, 08/25/2014 - 09:37 | 5140134 MS7
MS7's picture

Hollande is no socialist. The "socialist" lablel on EU leaders is false advertising, designed to get votes of the gullible who still fall for it. Every last one is a neo-liberal or neo-conservative (just like most of our politicians in the US), or whatever label applies to people who want to rob from the majority to give to the top 1%.

Mon, 08/25/2014 - 11:10 | 5140606 JR
JR's picture

Hollande is a socialist, to the left of Sarkozy in French politics. Socialism always fails. It failed in the USSR and it's failing in America. Socialism drives business away; economies only grow when the private sector grows,

Daily Mail Reporter Peter Allen reported in January:

Overseas investment in France fell by 77 per cent last year as Britain retained its position as the most attractive country in Europe for foreign business.

A report by the United Nations showed just £3.5billion of foreign money went into France in 2013 – the lowest amount for 27 years. By comparison, foreign investors spent £32billion in Britain.

This will inevitably add further fuel to ongoing accusations that the French economy has been woefully mismanaged by Socialist President Francois Hollande….

The increasingly dire performance by France, which is the Eurozone’s second largest economy, is a cause of huge concern for neighbours including Britain.

Other new figures released this week show France’s unemployment and poverty rates soaring to new highs… a damning new survey shows that the poverty rate in France is at 14 per cent – the highest for 17 years…8.7 million French people live below the poverty line.

The figures are particularly embarrassing for Mr Hollande becomes he claims to be a radical left winger who ‘dislikes the rich’ and is committed to helping the poor.

The Socialist’s disastrous economic policies have been accompanied by regular polls which prove he is the most unpopular president in the recent history of France.

http://www.dailymail.co.uk/news/article-2549140/Foreign-investment-France-plunges-77-cent-Hollandes-socialist-policies-drive-businesses-away.html#ixzz3BPrVTHaR

Mon, 08/25/2014 - 10:33 | 5140406 Perfecthedge
Perfecthedge's picture

Germany calling the shots? Again? NEVER EVER AGAIN. 

If that happens, Europe will go into the third round...

Several countries are seeing the same developments and the aggressive dominance of Germany can be seen and felt from France and all the way around up to Bulgaria.

The German magazine Die Zeit called the decision to create the EFSF (monetary rescue fund) an historic moment that will be remembered in many years to come (see here: http://www.zeit.de/politik/deutschland/2011-09/efsf-abstimmung-merkel)

Konrad Adenauer once said that Germany has the "divine mission to save Europe".  They have been building up, not only the dominance of Europe - YET AGAIN - but also want to lead. 

Now, with weakened neighbors like France, Italy and a - soon to be leaving UK - they might have got closer to that goal. 

It was Germanic tribes that created one of the first monetary crisis of the Roman empire, by collecting their money (through trade) and hoarding it, infuriating the Roman emperor and forcing him to create more money and a devaluation throughout the empire.  Read it up! Very interesting.

The Germans: trying to create Empires and destroying Europe, that is what they do best.  NEVER.  EVER. AGAIN. 

Mon, 08/25/2014 - 10:41 | 5140456 Manipulism
Manipulism's picture

If you would know our politicial-actors you wouldnt spraying such bollocks.

They are to dump for everything.

Mon, 08/25/2014 - 11:43 | 5140536 Perfecthedge
Perfecthedge's picture

That is even worse...dumb people controlling the show! (Not saying that any of the other countries has "brilliant" leaders right now - Italy even tried to vote for a porn star once and in a clown nowadays!). 

I am not spreading bollocks.  German Banks are running the show...not the political actors.  You know it, I know it. 

You can read Phillipe Legrains book "European Spring: Why our Economies are in a Mess".  He describes exactly what happened.  The short version:

- YES, Southern European countries where corrupt Pigs and up to their ears in corrupt activities (some of them have been like that for the past 500 years - like Portugal and Italy)

- German Banks where in a very tight spot after 2008 because they where heavily invested in US crapola!

- Instead of bailing out German banks (a sacrilege!) they threw money at their poor neighbors to get it back as "regular income" in the form of interest payments.  BINGO, Deutsche Bank making good business and reporting profits!

Southern Europe are no saints, but they where on cocaine and their German dealer just sold them Heroin.

I guess: Thanks for that Germany.  The same as the USA: with friends like that you don't need enemies!

Mon, 08/25/2014 - 10:51 | 5140516 JR
JR's picture

Perhaps Le Pen’s “extreme, far right National Front” anti-socialist movement should correctly be interpreted as anti-banker, and, as the Church says, “a mortal danger to families, child sexual orientation, and humanity.”

If that is "extreme," so be it.

It is hard to believe Valls is popular in France after his pro-gay, pro-Israel stances. Culture Wars reported in an article in its March 2014 issue, “Woody Allen and the Double Standard”:

“After the most recent of a long line of anti-gay marriage protests, Interior Minister Manuel Valls warned that ‘somber forces’ were at work in France. The anti-gay marriage demonstrations were converging with the anti-Jewish demonstrations.

“M. Valls is upset: ‘We are witnessing a union of extremes, never before seen in France… [Last week] was the first time for a long time that people have screamed their hatred of Jews in the street. A block of protest is forming, a rebellion which is anti-elite, anti-state, anti-tax, anti-parliament, anti-press… but also, and above all, anti-Semitic, racist and homophobe.’ …

“Unfortunately for the regime, M. Valls’ attempt at smear tactics isn’t having the desired effect…

“…The Jewish support for gay marriage has created its political opposite: radical Catholics who now hold the Jews responsible for the moral corruption they have spread through France.”

http://www.independent.co.uk/news/world/europe/frances-politics-o-hatred-move-towards-traditional-family-values-risks-being-hijacked-by-antisemites-and-homophobic-nationalists-9102851.html

Mon, 08/25/2014 - 16:52 | 5142016 Dull Care
Dull Care's picture

I must say I've gained quite a bit of respect for the French as they have protested against the androgynous society. Look at the beautiful girls protesting in favor of the traditional family. They are feminine and beautiful. Look at those who support the Androgynous Death Cult, nothing but ugliness.

Mon, 08/25/2014 - 12:09 | 5140767 novictim
novictim's picture

Let's see here.  What do a country's people really care about?  

- JOBS

-- Good Jobs

--- Low Unemployment

Am I being controversial here?  Hope not.

1) France is currently following German advice and trying to cut deficits-Check!

2) French unemployment rate is at 10.2% and has not dipped below 9.8% for over 4 years now-Check!

3) Frances Unemployment rate has been rising from 3% back in the early 1970s steadily, year by year, upward to 11-12% in the late 1990s then back down to a low of 7.4%-Check!

4) Then a libertarian leaning Sarkozy took office. Unemployment began to rise again.  Sarkozy had a solution: Open up trade and Lower inheritance taxes.-Check! 

5) Unemployment under Sarkozy and now Hollande is in the 10-11% range.-Check!

So, some on the left want austerity relaxed, taxes on the wealthy raised and want, therefore, more state spending.  But mostly, they want a life.  They want a cut of the pie.  They want a good paying job.

I am NOT an expert on French economics but I do know that their problem is our problem is the world's problem. 

1) Oligarchs are in control. 

2) Wealth is being funnelled away from the bottom towards the top. 

3) Workers are being imported without popular consent in order to undermine wages and increase profits.

So, Zero Hedge, boiling the French turmoil down to some snickering phrase " trouble was brewing in socialist paradise" is hardly placing a finger on the pulse of the real issue, is it?

Mon, 08/25/2014 - 12:06 | 5140792 Hannibal Barca
Hannibal Barca's picture

The last one to close the door.

Mon, 08/25/2014 - 15:43 | 5140831 Salsipuedes
Salsipuedes's picture

Sacre bleu! Tell zem to eat ze crepes! ... Excusemoire... I have now, as you Americans say, zee 'noonaire'? Avoire faire, sookaires!

Mon, 08/25/2014 - 13:05 | 5141032 Joe A
Joe A's picture

After the comments about Germany Hollande got a call from Berlin.

Mon, 08/25/2014 - 15:18 | 5141524 crazytechnician
crazytechnician's picture

The reason the french economy is fucked is because 60% of the french economy is public sector. It is a parasite hanging around the kneck of the private sector. Because of the high taxes and red tape , costs , penalties , it's impossible for anybody to start a small business , anybody arrogant enough to create a new business is taxed and red taped out of existance within a few years. All the french young people who want to create new startups are moving to the UK , where instead of being treated like criminals they are welcomed and get invested in.  Fuck trying to start any business in France , they think if you want to start a business , create new employment and train young people they think you are some kind of criminal and dump 2000 pages of french employment law in front of you. Who the fuck would want to invest in that kind of climate ? It's one step away from all out communism. Until that is stopped then france will continue to go downhill , blaming the foreigners all the way when instead it is the failed socilialst system which has failed.  France has the potential to be a wonderful place for new business , it has all the qualities of being one of the best places in the world , the mountains , the wine , the food , the oceans , beaches , it has everything , but for some reason they want a socailist parasitic system and everything given for free , at the expense of private entrerpise and people who want to create new business and new employment.

http://www.independent.co.uk/news/business/news/french-pub-fined-9000-af...

https://www.facebook.com/toi.auss.soutien.maman.lapin

Tue, 08/26/2014 - 02:23 | 5143814 onmail
onmail's picture

Just another American puppet (or poodle).

Did as told same as to ukraine president by remote control.

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