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French Unemployed Hits Record High, Hollande Demands EU Budget "Must Be Adapted"
France's President Francois Hollande states confidently that "everyone should respeoct treaties," then 'Junckers' it with this stunningly hypocritical bullshit, "budget rules must be adapted" to support growth and France "has done what it has to do" on its deficit... one glance at the following chart suggests that Hollande has done nothing and has been enabled by Draghi... What a farce!!
So:
- *HOLLANDE SAYS `EVERYONE' SHOULD RESPECT TREATIES
- *HOLLANDE SAYS FRANCE RESPECTS DEFICIT TREATY WITH FLEXIBILITY
But:
- *HOLLANDE SAYS FRANCE `HAS WORK TO DO ON REFORMS'
- *HOLLANDE SAYS COUNTRIES WITH SURPLUSES SHOULD SUPPORT DEMAND
- *HOLLANDE SAYS BUDGET RULES `MUST BE ADAPTED' TO SUPPORT GROWTH
- *HOLLANDE SAYS FRANCE HAS `DONE WHAT IT HAS TO DO' ON DEFICIT
How long before Schaeuble explodes?
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Time for the Germans to write a check. Because, European Unity and other such nonsense.
Sounds totally logical - the zealous socialites of France allow millions of infidel hating overbreeding ISIS lovers into their country who do nothing but replicate and collect more welfare, and let's get Germany to write a check for it all..
GOOD PLAN FRANCE - YOU GUYS ARE GENIUSES.
Google Sniper. Very Cool. http://tinyurl.com/lnqkyn8
That's the great thing about treaties nobody can quit and nobody can get thrown out of. Either side can do anything they want.
It's like have a brother that's a total pain in the ass. You can uninvite him from Thanksgiving dinner, you can yell and scream at him, punch him in the face, but you're still related to him.
isis = israel secret intelligence service
1) I don't believe this is true.
2) ISIS encourages recruits from all over the world. This means it is the most heavily penetrated organization in modern history. Anybody can get an agent into ISIS simply by telling them to hop a plane to Syria and sign up, unlike al Qaeda-- which is very inhospitable to strangers showing up out of the blue.
3) Given the likelihood of Supposition #2, it also seems highly probable that ISIS is being used to get jihadists to self-identify and self-deport themselves over to the Middle East where they can be safely disposed of without any messy civil rights issues being raised.
4) Suppositions #2 and #3 do not mean that ISIS does not have its own agenda or is unaware of the fact that it is being used. It counts on being able to grow fast enough to use the users to its own ends before they can destroy it.
5) Even assuming that Supposition #1 is not true and Israel is actually running the op, why is this a bad thing for Israel? What a tremendous intelligence coup to be actually running the opposition's army for them. Under this hypothesis, the Israelis are misdirecting jihadist anger over towards other Israel-hating factions and getting them to fight each other to the death. The only possible way of describing this would be magnificently brilliant and daring. If only our own intelligence services were this diligent in defense of their native lands.
The Extermination of the White Race: Marseille in France will be First Majority Muslim City in Europe
Beautiful.
You can't spell France without farce.
Nice coat.....
If Germany insists on surrounding itself with ugly girls at the dance just so it looks prettier by comparison, it might have to pay them to stick around.
Or, Germany can just take its chances and go alone, see how it measures up without the entourage.
Yes, "rules" for the Germans, but "suggestions" for the Islamic Republic of France...
Cute.
hahaha I literally "lol'ed"
And out comes the brain bleach....
Fuck France!
Back in the 70's France forced US into default by demanding gold denominated repayment for the money they lent us for the Vietnam war.
Perhaps this time around we could return the favor. Nixon didn't take us off the gold standard right away and we did surrender some of the precious metal. Maybe we could use the oportunity to recover some of it, before Germany beats us to it.
That's a funny way of looking at it. The U.S. issued a currency it claimed was backed by gold, when one of its customers tried to redeem, it reneged on the deal. No need to single out the only customer with the stones to call the bluff was France. France has the same debt/GDP ratio as the U.S., the same productivity per capita despite a much shorter work week. Oh look and they also get very cheap education for their kids, the best and cheapest health care in the world, reasonable retirement, almost no "active shooter" incidents, superb quality roads, bridges, airports, and cultural destinations, and of course great food and great wine. But if billionaire war profiteers, Kardashians, Rapture believers, and McDonalds are your thing...well then yes, U.S. has them beat hands down. Boo ya!
@OpenThePodBayDoorHAL
Great post
- against all ZH prejudices and anti-French malevolence ...
you mean they demanded gold for a purportedly gold-backed currency?
eegads!
Didn't you forget the "/s"?
What a joke. France is importing the overbreeding self-replicating muzzies by the millions while they have no jobs for them, so then they raise taxes to 100% on the productive and ask the EU to amend the budget to support their stupidity?
Hey, when the violent jihadists take over France, at least the treatment of tourists and other foreign visitors will improve markedly.
but but - it's racist for white people to want to remain a majority in their "homeland" or indeed - to desire anything but to live in a melting pot.
http://opinionator.blogs.nytimes.com/2014/01/05/does-immigration-mean-fr...
http://www.migrationpolicy.org/article/challenge-french-diversity
You see, it's racist to not want high immigration levels from all over the world - even to small countries like Sweden and Ireland, which never had colonies, but which have very active pro-immigration movements, often controlled and funded by people who are not of the same ethnic origin as the historical majority.
The Misplaced Minister: Ireland and Israel's Alan Shatter ...Great stuff CRusader. Keep waking people up to what's being done to us, why, and who is doing it.
"Ireland's" Alan Shatter awarded citizenship to 62,000 Third World bottom feeders during his two years in office = 1.5% of the Irish population. Prior to that the annual average was about 200. He strongly believes in Israel being a Jewish state. More than one third of births in Ireland in 2012 were no non-Irish women.
not unrelatedly:
Jews Boast of Owning Hollywood—But Slam Gentiles Who Say the SameThat in fact is the main problem. When France was a cohesive White society they had a really high standard of living, great social security, long holidays etc. and budgets were more or less balanced. Over the last few decades however they've been over-run by as you say muzzies but also Africans of all sorts. It's no longer France.....hence the social model has stopped working, Same is happening to the USA by the way.
PS.. visited Grenoble last week for the first time since 1995, Totally and utterly shocking and dispiriting. A model city transformed into a North African slum.
And that's the sad part. I never liked Paris, most of the French attitude is actually Parisian. When I was over there I loved taking weekend trips to northern France, good people.
http://www.fashionmodeldirectory.com/news/models/supermodel-naomi-campbe...
It's from Jan 2013 but it's alot worse there now I heard from friends.
When do the Central Banksters start wearing burkas?
C'est dommage! Qulle surprise!
But Francois,
You merely have to bring about structural reform!
Love, the Bundesbank.
Like quit using duct tape and bailing wire to hold up the government....
my golf scores compare with rory mcilroy's ... if i use "flexibility" scoring ...
Economics is not a true science, never has been.
It has about as much credibility as phsychology, there are no hard and fast 'rules'. Not much different than a Tarot card reader for credibility.
Why should people keep on giving in to these types of fortune tellers and they have the power to determine budgets and so on?
It is about time governments do budgets based on all income - expenses $ without seasonal adjustments and so on. That is simple and accurate, although it will put a lot of advisors out of work. Work it like a checking account or a wallet, takes the guesswork out of it all.
But, but, but......running government budgets like those of mere households would limit opportunities for manipulation, interference, corruption and graft.
My gob is smacked!
Well, rules DO have to be adjusted for reality. And while countries like France may have acted irresponsibly in the past, EVERYONE has had a hand in this. There can BE no irresponsible borrowers in the absence of irresponsible lenders. It may suck to loan your neighbor 500 bucks, and then find he went and blew it at the casino, but he couldn't have DONE that if you hadn't given him the money in the first place. Get what you CAN out of him, but plan on saying goodbye to at least some of it. And be wiser next time.
Everyone needs to dial back their expectations, and take a good, hard look at what is actually POSSIBLE.
If I had a printing press I'd lend tons of money to irresponsible socialist sovereigns so they could hang themselves.
Would have been better still had the lenders told those sovereigns to go fuck off from the get-go. Without the loans, their own people would have done a far better clean-up of the situations themselves eventually.
They KNEW these countries had acted irresponsibly, and saw fit to insist on 'punishment' after the fact of their loans. Why did they loan them ANY money then? Does that sound like a lender exercising due diligence?
At what point do we start holding the LENDERS accountable? What good does it do to expend time and effort to help an alcoholic if the liquor store owner keeps delivering free booze to his house? And is it even FAIR to the guy to wave the booze right in his face when you KNOW he's got a serious problem?
Sacrebleu! If you actually had a private sector and an economy that's not only composed of public works and surrounding bureaucracies, perhaps small budget cuts (if any were done) wouldn't be that much of a drama!
I thought we taught them how to cover up those unsavory numbers better.
True. they should get their fee back from Draghi, who headed up the 'project' for the Squid.
no way germany onboard the print bus unless everyone toes their line re: budget policies.
Remember with greece ... where iirc, the avg worker retires in their 50's and gets govy dole ... german worker (working till 60s) gonna support that?
don't think so
HEy now hey now -- The Germans just need to show how united they are with Europe. They should be proud that their fellow Europeans who happen to be living in Greece can retire early and live the highlife on the backs of their labor. After all, the current system will never breed resentment and will definitely prevent a war.
German workers - who live surprisingly modestly - have been supporting 'this' for decades. As well as being bled dry in 'reparations' to Israel.
i would agree ... implicitly
till now german banks basically been subpriming brethren countries. Now they can no longer make payments. Getting close to explicit ... or break up
i'm positive they've run the math both ways ... UGLY
they don't need germany. BNP Paribas will lend them all the money they need.
the euro without germany?
poverty central
(global investors will shun unless return makes it worth their while)
you imply there is a market based on fundamentals somewhere?
Yes, now it's France expecting Germany to bail them out for their own fuck ups. When will Germany finally say Fuck you to the EU ?
friggin histerical. ireland does the right thing, cuts all debt (real austerity) and as a result of doing the right thing, they drop corporate tax rates to 15%. result = rest of world cries foul because they did the right (hard) thing NOBODY else wants to do because its an unelectable strategy in a world that requires cradle-to-grave entitlements. europe has NOT endured austerity. santelli pointed this out; debt-to-GDP has NOT gotten on any sort of sustainable track and government spending as a % of GDP has grown not shrunk.
unfortunately we here in the U.S. are on the same track. santelli had the guy from trimtabs on last week and he nailed it on how our unfunded liabilties are north of $100 trillion because we have bed-wetters running for office who promise shit down the like JUST LIKE THE HIP HOP MAYOR FROM DETROIT. i love this country so much but its painful as all fuck watching this trainwreck collide ever so slowly.
Actually our Corporation Tax has been at 12.5% since January 2003, and that's just the headline rate, before reliefs for capital spending etc.
The austerity in Ireland is wearing very thin now, and mounting opposition is deeply unsettling the government. It's true that we significantly increased spending on government services such as health and education and welfare during the boom years, and after the collapse of the building bubble, which provided much of the taxation which supported this increased services spending. When the collapse came, it was necessary to seriously reduce goverment spending.
Nevertheless, before the bank bailouts, or should I say the bank bondholder bailouts, mostly german and british lenders, Ireland's debt to GDP was at 27%. See below;
42% of Europe’s banking crisis paid by Ireland – Irish Examiner
Contrary to the endless misinformation repeated at every juncture by austerity politicians and bankers alike, the debt load of most nations at the beginning of the present crisis was not already out of control before the banks blew up.
sovereign debt levels
The green bars are debt as percentage of GDP before the bank bail outs and the blue bars are after. These are official Eurostat figures. Notice Ireland. Its debt to GDP was down at 27%. The ONLY thing that altered between 2007 and 2010 was the bank bails outs. Ireland’s ENTIRE debt problem is due to bailing out private banks and their bond holders… That is the fact as opposed to the propaganda of what happened and why.
Courtesy of http://oisin.org/2014/10/20/no-the-euecbimftroika-did-not-bail-out-irish...
Now with reduced services, increased taxes and new property and water charges, the natives are getting restless, and there is an election due by 3rd April 2016. Last sunday, there was a demonstration in Dublin where the official calculation of the numbers was up to 100,000.
http://www.irishtimes.com/news/social-affairs/over-50-000-march-in-dubli...
All I can say is wait until the shit really hits the fan, when the federales can no longer game the markets, nor print more fiat, there's going to be a reckoning. I'm collecting rope and shopping online for Guillotines. Jim Rickards is talking a 25 year depression, and if he's correct, we'll see revolution in Europe and very probably the breakup of not just the Euro, but probably also the EU. And as it has long since put aside the noble aspirations of its foundation, it would be no harm. Let's get back to being sovereign nation states, working together as such. Roll on the Revolution!
I don't know why, but the graph included in that extract from oisin.org didn't copy into the text, but is on the linked page http://oisin.org/2014/10/20/no-the-euecbimftroika-did-not-bail-out-irish...
^^^
meant down the LINE
The Keynesian wet dream will produce no children and end in a mess.
The purpose is to rob current and future generations, period.
We're headed back to the days before the Magna Carta.
With public transportation and better sewage systems.
Yep, those nursing homes and bennies will not come true for any baby boomers. It's being done slowly enough to not cause total riot. The slow burn will continue for some time.
And I'd agree that we may head back to the days of Magna Carta, but I doubt the public transport or sewage will stay nice for long if we do. The black budget is robbing this planet of all of its needed "maintenance" costs, while keeping the masses distracted enough to not notice the pickpocketing.
They don't care about unemployment. The experiment must go on. Germany will be forced to take the same path soon:
"The European neoliberal economic empire sent a message, to Berlin this time, and is ready to accelerate processes for a catholic implementation of the destructive policies tested in Greece, to secure big capital's interests. This was, of course, the initial target: "Federalism means however, that the same policies will be applied totally, definitely and very soon, also against German citizens and workers.", but the possibility of the enhancement of the anti-austerity camp, as well as the possibility of a Leftist government in Greece quite soon, appears that made European officials to show their intentions earlier.
With the biggest economy of the eurozone adopting such austerity measures, there will be no "good examples" for anyone to turn to, no excuses. The anti-austerity front will collapse and the European plutocracy will declare final victory."
http://failedevolution.blogspot.gr/2014/10/plutocrats-tighten-siege-arou...
Yeah, but the EuroSnobs get like 19 weeks of vacation, after a grueling 28 hour work week.
So much smarter than unsophisticated "dumb", "fat" Americans who don't "understand the world".
Let me reiterate. Stress test finds 25 European nations fail stress test, and yes Virginia, Germany is one of them, because with neighbors like France dey all screwed. Oops, My bad I forgot Greece, Italy, and Spain will bailout Ze Germans.
"We do not find it necessary to speak about lifting sanctions against Russia," Merkel said on the sidelines of the European Summit in Brussels, as quoted by Deutsche Welle.
The German chancellor explained her position by citing the fact that theMinsk agreements have not been fully implemented. In particular, ceasefire is not observed in eastern Ukraine. As Kiev never observed ceasfire, and is preparing attack on Novorussia, it is fault of Russia. Sanctions hurt
Liberté, fraternité, imprimer.
France was a snooty shithole of a country with smelly women when I was there in 1970. Nothing has changed that I can tell.
Racist post
You referred to his comments as "stunningly hypocritical bullshit". That dismisses the possibility that Hollande is a clueless a-hole. I think we need to keep all the options on the table.
Agreed! "stunningling hypocritical bullshit" is probably giving him too much credit for being something more than a witless dolt.
This what happens when Peter, steals from Peter, to pay back Peter.
How many peters is that?
Everyone must respect the rules...except for us special people who just make up whatever as we go.
Hollande is correct in one sense: Treaties should be respected. But so should the principle of National Sovereignty.
Out of "respect" for these treaties, France should renounce them, rather than try to oblige them, even as their terms spell doom and destruction for France. France cannot be for the French when being governed by these organizations. Under both, France -as well as every other country, ours included- has subordinated its own interests to those of the Globalist "elite", most of whom are openly hostile to the concept of the "Nation" and the selection of political leaders and the making of laws based upon "majority rule". The enforcing bureaucracies are nearly 100% under the control of financiers.
Hollande should propose to the chamber of Deputies, that France formally withdraw from the European Union and renounce its participation in the World Trade Organization. France would do well to sollicit Britain, Italy and Spain to join them. Besides these European countries, ask the BRICS and a handful of other countries within which there is strong popular support for such a move. At the latest elections, about 10% of Germans voted for a party whose principal platform is calling for the end of the EU.
Right or wrong, the French government should be able to make its own decisions and write its own laws, and enforce them as they see fit. But to play along with the EU and the WTO, trying to remain a member in good standing while excusing themselves from full compliance, is political cowardice. Hollande should act like DeGaulle now. Eventually, Marine Le Pen will.
Were it possible for me to do so, I would drive a wooden stake through the heart of this beast, called "Globalism", and banish it to the dustbin of history beside the "Holy Roman Empire".
Unemployment is natural in a Industrial economy.
In the past this was masked because in the old european christian Societies women stayed at home.
The problem within Europe is lack of basic purchasing power as we now work for the machines rather then the machines working for us.
What is happening is pretty simple.
They are extracting the frenchmans ability to drink wine so that the capital stock can continue to appreciate.
A concrete before people economic ecosystem.
This is a anti human system
Much of the junk capital stock built since the 70s should be let go.
Lets start with the private car.
Remove its depreciation from the national accounts.
It no longer exists on the books so why build more to stop its entropy.
Lets return basic purchasing power to people.
lets return to the village and market town.
http://www.youtube.com/watch?v=WWhTKXgTw_A
"Ladies and gentlemen, please note that Keith Floyd was fair and honest and willing to admit a mistake. He was a real gentleman because he generously admitted that his dish was inferior to the one prepared by the French lady in this classic clip. We don't see this because we don´t see the whole clip: in the end, the French lady makes a proper piperade, Floyd tastes it and praises her and says it's much better than his own!"
ireland is one country that is going all out to rob Pierre and Pedro to pay Michael by offering a massively subsidized tax rate.
is offering a 15% tax rate when your debt to gdp remains above 100% a good idea and you are taking jobs away from France et al who have to maintain much much higher tax rates?
you will have to check out the promises on page 16 of the pdf in the link below:
http://r.search.yahoo.com/_ylt=A0LEV2h8ikpUBOIAFthLBQx.;_ylu=X3oDMTByNzA...
its hard enough to even find a public display of european and ireland's finances and these are for a small economy run to european standards...shocking really
funny how you can run a deficit of 3.7% of GDP whilst at the same time reducing debt to GDP from 123.3 to 110.5% ?
i suspect that there is something seriously and materially wrong with the Irish system of compiling national accounts and measuring taxes and gdp
Go ahead and attack austerity success. Ireland lauched its 7th austerity budget just over a week ago, and has paved the way to exit the international bailout program by the end of this year. The economy is growing as are jobs. Ireland is the poster boy for austerity success, while Greece, Italy, and France circle the drain begging for more of the same. When government spends over 50% of a country's GDP year in , year out, its only a matter of time before they're done.
not an attack on the laudable objective of right sizing the government sector.
i dont define austerity as cutting profligate spending, i view living withing your means as common sense.
ireland is acting within the rules allowed and i agree that socialist/communist aka extremist keynesian views practised in mainland europe are an inexorable road to the ruin of a country.
my point was that the calculation of success is based on accountng anomalies, like running a deficit of around 4% but still shrinking the debt to gdp ratio by 10%
AND
if every nation competed equally, taking jobs from other countries would not be possible.
i know the irish work can work as hard and as smart as anyone else, so i am just making a few points about competing solely on price (low tax rates), the paucity of data and the (probable) false government accounting standards applied throughout europe, including france.
but..hats off to ireland for at least attempting to address the bloated public spending and welfare sectors that are the hallmark of europe, japan, china, the UK and increasingly, the US economies.
@Duude.
Indeed Ireland is the poster boy for Austerity but it has not been a success for Irish people.
We live in a open world without settlement.
That means others can extract your purchasing power and laugh at your "sacrifice"
This sacrifice is showing up over all the national accounts.
GDP detached itself from the Irish economy in the 80s.
Ireland is a classic conduit for the global banking system.
Consumption of all basic items continue to decline even as the population increases.
We have chosen the road to Bangladesh
The Chosen have chosen the road for you.... there'd be no population increase without massive 3rd world and Eastern Euro immigration - at above replacement levels for the native irish emigrating.
Ireland will be a multicultural shithole in 50 years, with half the richest people, or more, being foreigners and/or Jews.
The Misplaced Minister: Ireland and Israel's Alan Shatter ...
The risk to the EU (certainly the EUR-zone) is not the likes of Greece or Portugal - because although their cause is hopeless, their numbers are small enough that Merkel (AKA German taxpayers) can find the money to keep the system going - a bit like running a big pump to bail a small hole in a boat. Works, but not very efficiently - and you don't want to be the people (German taxpayers) paying for the pump's fuel.
The risk is from Spain (possibly) and France (certainly).
France is in a real mess, heading deeper into a mess, and the numbers are beyond Germany's capacity - even Merkel realises that. They have no obvious way out apart from leaving the EUR-zone, going back to (yet another) New Franc.
Watson
If it is to continue, absolutely correct. Society itself must adapt to a future with no economic growth, population contraction, inverted population pyramid, fewer workers working fewer hours, far more retirees, etc. There are already towns with practically no one under 30, 40, 50.
Here's Europe's (and the industrialized world's) medium-term future: http://en.wikipedia.org/wiki/Hoyerswerda#Recent_history
I am thinking that the collective countries of Europe would be best served by attacking Basel Switzerland and bombing the gnomes of Zurich to hell, where they came from.
Looks like some old members from fuckfrance.com are posting here.
Just got back from Paris. You really feel the unemployment level when the sunsets. All the "young offenders" come out and start eyeing up what they can take from you. Won't be going back anytime in the near future.
Also noticed the police walk around in threes after dark and are suited up ready for combat...they know something you don't..
NOTE: If you get out of Paris France is beautiful and the people very friendly.
The Extermination of the White Race: Marseille in France will be First Majority Muslim City in Europe
Viva la what?
France is close to exiting the EU .
https://www.academia.edu/8942403/The_Hysterical_Focus_is_your_friend_
France has always found the best way to support its lifestyle is by sponging of the rest of Europe and it sees no reason to change now.