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French Socialists Win An Absolute Majority In Parliament

Tyler Durden's picture




 

While everyone is focusing on Greece, we have news from France:

  • FRENCH SOCIALISTS WIN ABSOLUTE MAJORITY IN PARLIAMENT, CSA SAYS
  • FRENCH SOCIALISTS WON 320 SEATS, CSA SAYS; MAJORITY IS 289
  • FRENCH SOCIALISTS WON'T NEED TO RELY ON LEFT FRONT, GREENS: CSA

So... does that mean that the recently reduced minimum retirement age wil be cut again, thank you Germany?

More from Reuters:

France voted in a parliamentary run-off on Sunday expected to give President Francois Hollande's Socialist party a majority despite low turnout, strengthening his hand in battles over euro zone crisis policy.

 

The clear majority that surveys predict, freeing Hollande from reliance on nor eurosceptic hard leftists, as polls suggest, would be a boon as he prepares legislation to pare back the deficit and to ratify an EU fiscal discipline pact.

 

Initial results will be released at 8 p.m. (1800 GMT), as early results come in from a Greek election where victory for the anti-austerity SYRIZA party could undermine its euro zone membership and send shockwaves through financial markets.

 

Opinion polls since last Sunday's first round suggest Hollande's Socialists stand a good chance of achieving the 289 seats needed for a majority in the National Assembly, even without adding seats from their allies in the Greens Party.

 

Added to their control of the Senate and the presidency, that would give the Socialists more power than they have ever held and should leave Hollande's largely social democratic and pro-Europe cabinet broadly intact.

 

The possible entry of Marine Le Pen's far-right National Front into parliament for the first time since the mid-1980s with up to three seats would be no more than an irritation.

 

But the Socialists have been concerned that low turnout might weigh on their score. Turnout at 5 p.m. was 46.2 percent, 3 percentage points down on the 2007 election and below that of last Sunday, when the final turnout hit a new low at 57 percent.

 

"I hope the Socialists get a majority. It's got to be better than power-sharing: at least they will be able to get something done," said Philippe Jauseau, 47, a computer engineer voting in Paris.

 

Hollande will fly to Mexico on Monday for the first of a flurry of summits. His decision to side with southern nations weary of austerity has opened a rift with Europe's paymaster Germany that the Socialist needs to fix fast.

 

"This vote is important. We need someone who can sort this mess out," said Michele, 59, a bakery employee who said her main concern was the underfunded pension system. "It'll be my turn in a few years. I want to know if I'll be able to live decently."

 

Hollande's chief ministers, including Prime Minister Jean-Marc Ayrault, were elected in round one by scoring more than 50 percent of votes. Those in run-off contests, such as Finance Minister Pierre Moscovici, are expected to win their seats.

 

Hollande's former partner Segolene Royal faces an uphill battle in the western city of La Rochelle against a popular dissident Socialist candidate.

 

In all, 36 deputies were elected outright last weekend and 541 constituencies are up for grabs on Sunday.

 

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Sun, 06/17/2012 - 14:05 | 2534337 The Monkey
The Monkey's picture

As expected.

Sun, 06/17/2012 - 14:21 | 2534398 Atlas_shrugging
Atlas_shrugging's picture

"I hope the Socialists get a majority. It's got to be better than power-sharing: at least they will be able to get something done".   Here's to hoping they run out of suckers, then the whole mother will push over the edge...at last

Sun, 06/17/2012 - 14:21 | 2534403 veyron
veyron's picture

"at least they will be able to get something done"

 

But they are le tired

Sun, 06/17/2012 - 15:08 | 2534548 The Big Ching-aso
The Big Ching-aso's picture

 

 

If I was a 55 yr. old German worker I'd move 2 Paris, collect welfare, & still receive German-paid retirement.

Sun, 06/17/2012 - 15:13 | 2534571 AldousHuxley
AldousHuxley's picture

"socialism" as in russian thugs were practicing "communism" or american bankster theives were practicing "capitalism"....

 

it doesn't really matter what the rulign party is called. What matters more is corruption level, and the actions of those in power.

 

obama is half black, but he screwed african americans more than any other white president by loading them with debt slavery and instead rescuing banksters.

 

it is almost like the opposite happens. they are going to elect a women president, when they want to screw women the most!

socialist party is goign to screw socialists.....

Sun, 06/17/2012 - 15:18 | 2534582 The Big Ching-aso
The Big Ching-aso's picture

 

 

Well as ya know, screwing's ultimately a very sociable activity.

Sun, 06/17/2012 - 15:49 | 2534644 falak pema
falak pema's picture

according to that novel da vinci code : thats what Jesus really said to Mary Magdalena and they had that daughter, Sarah ! What heresy to the catholic clerics! 

And Eve! She ate the apple and had two sons! Evangelical christianity was a very socialist religion, in spite of the Holy Mother who did not approve. 

Sun, 06/17/2012 - 16:08 | 2534698 DosZap
DosZap's picture

Evangelical christianity was a very socialist religion,

WAS?, well if you meant way back then,ok.

Now, NO way.

"If a man will not work, neither shall he eat."

Sound like Socialism to you?

Sun, 06/17/2012 - 17:27 | 2534791 Newsboy
Newsboy's picture

That's Talmudic, not "Christian".

Early (pre-Roman) Christians "held all things in common".

Sun, 06/17/2012 - 18:20 | 2534931 lemonobrien
lemonobrien's picture

til jesus came along.

Mon, 06/18/2012 - 01:47 | 2535513 Gavrikon
Gavrikon's picture

And doing so was neither required, nor did it last very long.  They were thinking the Second Coming was going to be any day.  The text records only what they were doing at the time.

I also read that "Judas went out and hung himself."  But I'm not looking for a rope.

As far as working for one's own bread, that was St. Paul who said that.  Talmudic it may have been, but it was also taight in the early churches.

Mon, 06/18/2012 - 02:30 | 2535573 IQ 101
IQ 101's picture

Their are no apples in the bible, Eve was seduced by the serpent and had twins. Able and Cain, Twins by different fathers. http://en.wikipedia.org/wiki/Twin , not that rare.

Able is Adams boy and Cain is Satans boy. Cain slew Able.

On the seventh day God rested and realized that there was no man to till the ground ! (This is after he has already created Adam), so we know that the Adam created after the 7th day was not the same creature as the original Adam creation ?

Adam being Hebrew for Man of course.

Genesis opens with, " In the beginning God created the heaven and the Earth" the next line is, in the original writings, 'and the Earth was Made void ' not the deceptive translation you will find in most so called bibles.   So the good book begins with the Creation, destruction and recreation of the Earth, The second Earth age, (we are in it).

Genesis 4 describes the events and geneology of Cain and the conception of Seth when Cains great,great,great,great grandson, La'mech has also murdered.

Seth has a son E'nos , THEN BEGAN MEN TO CALL UPON THE NAME OF THE LORD. Genesis 4: 26.

You can follow the sons of Cain through the bible to the Temple, where Jesus, Kicked the money changers asses. Oh peacefull Jesus, who said , If you do not have a sword, sell your robes and get one.

He also said, knock and the door shall be opened.

Knock loud, time is short.

Sun, 06/17/2012 - 15:46 | 2534643 goforgin
goforgin's picture

So Rommey is going to screw the banksters?

Sun, 06/17/2012 - 16:36 | 2534738 disabledvet
disabledvet's picture

Is that who he will be negotiating with should he win and we fly off our "fiscal cliff"? Nothing raising taxEd and raising the retirement age to 80 can't cure of course.

Mon, 06/18/2012 - 04:21 | 2535635 AldousHuxley
AldousHuxley's picture

romney as a typical republican will run on platform of lower taxes and no bailouts, but will end up jacking up taxes and bailing out more corporations.

He may screw over private equity by allowing interest rate to rise (as it should) and killing off easy leverage necessary for PE deals.

 

 

Sun, 06/17/2012 - 15:42 | 2534632 Nussi34
Nussi34's picture

first I would cancel my life insurance and wire the funds to Singapore.

Mon, 06/18/2012 - 01:48 | 2535514 Gavrikon
Gavrikon's picture

IF they let you.

Sun, 06/17/2012 - 15:22 | 2534589 A Nanny Moose
A Nanny Moose's picture

Ok, well have a nap first. Zen fire zeee missiles!!!

Mon, 06/18/2012 - 09:10 | 2535997 GMadScientist
GMadScientist's picture

Deleted on account of utter redundancy.

Mon, 06/18/2012 - 04:51 | 2535665 Mountainview
Mountainview's picture

The PS (socialist party) has only 280...the rest are disident and sectarian left wingers... I wonder how Hollande will get useful growth legislation through this lot?

Sun, 06/17/2012 - 14:08 | 2534344 meghaljani
meghaljani's picture

The French basketcase...

Sun, 06/17/2012 - 16:20 | 2534716 Zero Govt
Zero Govt's picture

Yep, Marxism here we go

..that's France fucked for the next 20 years

Sun, 06/17/2012 - 17:26 | 2534792 mjk0259
mjk0259's picture

Unlike US, they can have new elections at any time there is significant discontent.

Mon, 06/18/2012 - 04:26 | 2535644 AldousHuxley
AldousHuxley's picture

unlike americans, French know "socialism" is less evil than unlimited amount of bailouts to banksters who then stick the tax bill and inflation to workers.

 

Most Americans are so ignorant that they don't even know how stupid they are.

 

Ask anyone to define marxism. they don't even teach it in schools, so only exposure is FoxNews mideducation.

Mon, 06/18/2012 - 06:56 | 2535759 prole
prole's picture

Well luckily we have a true devote of Marxism here to properly indoctrinate us.

I am also waving a little red book at you Comrade! !Hasta la Victoria Siempre!

Mon, 06/18/2012 - 09:16 | 2536015 GMadScientist
GMadScientist's picture

Well luckily we have a true devotee (spelling: it's fundamental!) of the Cavaliers of Credit here to properly propagandize us.

I am laughing at the slag heap once known as your capital markets, Fascist!

C'mon "hit me baby one more time" (at least that seems like the level of Stockholm Syndrome your average conservative exhibits towards their masters).

Now, run quickly, the Koch Bros need more lotion on their backs, precious.

Mon, 06/18/2012 - 09:58 | 2536095 prole
prole's picture

Cock brothers are exactly the kind of fake-ass crony Capitalist (Neo-Cons at best, Mercantilist/Socialist is more accurate of what they are) I put up as the kind of straw-man "Capitalist" that the Socialists blame all our problems on. You want to pin the Cock brothers on me?

It's like you Socialists get your cake and eat it too. You (Cocks/Busches/Obombas etc etc) get to wreck the economy with your cronyism and collectivist schemes, then pin the blame on "Capitalism."

Commie alert: Ron Paul is the only Capitalist in Washington. You and the Cock brothers and the rest of your Collectivist buddies are running the show, right into a brick wall.

Please reformulate your straw-man argument about me. I know who my masters are: You and everyone else who gets a gun and pockets full of money from the government.

Mon, 06/18/2012 - 09:11 | 2536003 GMadScientist
GMadScientist's picture

I don't know, but I think it involves a union and me paying non-zero taxes so it's a communist plot to sap my vital essences.

 

Sun, 06/17/2012 - 19:13 | 2535025 Tippoo Sultan
Tippoo Sultan's picture

+1, Zero G.

Sun, 06/17/2012 - 14:09 | 2534346 transaccountin
transaccountin's picture

This is great news. Hopefully they can get retirement age to 55. The Germans will be estatic. The world is great. Just print away.

Sun, 06/17/2012 - 14:37 | 2534446 noses
noses's picture

With socialists running the show in Greece too, it might be a good idea to reunite these countries into one as they are so similar in their believe that everybody around them has to pay for the goods which they consumed without being able to ever pay for them. Unité fait la force (or so).

 

noses.

Sun, 06/17/2012 - 15:06 | 2534553 destiny
destiny's picture

First you obviously know extremely little on socialism and what's more on the two countries are running their country respectively.  Second, you obviously don't know a damn thing on the french legislations.  You obviously like your slave status in your own country, suit yourself.  French workers won't stand for that, that's why they voted the right wing out, that's why companies can't do as they please the way they do it in your coutry, the first resource of a company is its human resources, let us not forget that..finally, we are hospitable and like to share the good and bad, so the rich thought they could get special treatment with the right wing ? no way, if we sink with the titanic, we'll make sure our "rich" class goes down with us ! 

Sun, 06/17/2012 - 15:53 | 2534658 pods
pods's picture

I junked you for using the term human resources.

 

Sun, 06/17/2012 - 16:05 | 2534691 James
James's picture

The first resource in my Co. is capital.

I can find any monkey to do the work.

Sun, 06/17/2012 - 18:23 | 2534943 destiny
destiny's picture

Thanks, you made my point...capital doen't get the job done...monkeys do, and monkeys in France are educated, that's why there are laws to protect monkeys from uncrupulous employers like ...you ?

Sun, 06/17/2012 - 19:20 | 2535037 James
James's picture

That's the difference between you and I.

I do not need govt. "laws" to help me.

Weak willed individuals do.

Mon, 06/18/2012 - 07:01 | 2535766 prole
prole's picture

Oh the creativity of these avatars is just remarkable. (as in remarkablEEE boring)

I always knew those Capitalist bosses really did exploit the masses, now you prove it!!

Sun, 06/17/2012 - 16:33 | 2534731 neidermeyer
neidermeyer's picture

French "HUMAN RESOURCES" ,, Maybe that's why Europeans refuse to go to Euro Disney and instead will fly to Florida ... Euro Disney has FRENCH workers ... Disney stupidly thought they could hire people with pleasant attitudes in France ... it's been costing them money for 30 years ...

Sun, 06/17/2012 - 17:38 | 2534816 destiny
destiny's picture

Eurodysney was a fiasco, Dysney forgot about cultural differences, the thing is, those who think they live in a fairy tale go to dysney...the others have better things to do....

Sun, 06/17/2012 - 16:35 | 2534735 James
James's picture

" if we sink with the titanic, we'll make sure our "rich" class goes down with us "

 

And that my friends is why true wealth have offshore accounts.

And PMs! 

Sun, 06/17/2012 - 17:16 | 2534769 mjk0259
mjk0259's picture

Still have to pay VAT when you spend it unless it's hookers and blow

Sun, 06/17/2012 - 17:43 | 2534835 destiny
destiny's picture

Yep and that's where it hurts....they don't pay taxes and they expect the People to pay for them in their place, which they acted, but it will not last forever.  Yet again, are there any offshore safe places ?  just a matter of time....only one solution then, change your green bills into tangible value...and that my friend is better wealth.

Sun, 06/17/2012 - 19:29 | 2535051 James
James's picture

I pay taxes to the letter of the law.

If you have a problem W/those letters go cry to your politicians.

Myself, i'm capable of running my own life.

You will never get ahead in life waiting for anybody but you to get it done.

Sun, 06/17/2012 - 17:19 | 2534775 brucyy
brucyy's picture

We ? who the hell you think you are representing douchebag ?

listen son ,i'm french as well  but i still hate you .  I don't give a crap to know if the french pseudo-right did better before nor do i give a crap about your "legislations", i only know that socialism will fail , and that you probably don't have a single fecking braincell not brainwashed by your fecking propaganda  - go ahead , destroy the rich class ..after all , less money for them MUST mean more for you right ? ho wait - really ?

moron

 

Sun, 06/17/2012 - 17:49 | 2534853 destiny
destiny's picture

Perhaps you should start brushing your english brother...

I'll take your hate as a compliment, the rich will fall and they should know why...as the saying goes : what comes around goes around, the way you make your bed, you lay on it....I reckon you're one of them with a nice little pack of slaves working for you...sheesh

Sun, 06/17/2012 - 19:24 | 2535045 brucyy
brucyy's picture

My english is just fine brother , i assure you.

i'll just take a few more minutes just for the personal satisfaction of proving you wrong :

i'm far from rich. Actually , your net worth is probably much higher than mine. Nobody works for me , i only work for my own small business. i've learned the hard way to get my small balance sheets in order , something that hasnt been done properly by previous gov , and will get even worse with this one.  I expect nothing from them , from lazyness , from you , or from the "rich class". They made money , good for them , but it's none of my business. Maybe someday i shall be rich as well and create employment. Please by all means , give me an incentive to do such a thing in a socialist country where i would be the "enemy of the good people" ?

Sun, 06/17/2012 - 19:43 | 2535072 James
James's picture

With a attitude like that brucyy you'll be okay.

The best to you always!

Sun, 06/17/2012 - 20:40 | 2535165 monad
monad's picture

Check out huffingtonpost.com. You ARE the enemy of the people. Or at least the ones paid to astroturf socialist views & attack anyone who knows socialism is slavery & government is force.

Sun, 06/17/2012 - 19:38 | 2535065 James
James's picture

@ destiny-

Anybody who asks for a job has themselves to blame for being a slave.

 

 

"Masser please may i work for you?

I'm too damn stupid and lazy to work for myself"

Sun, 06/17/2012 - 19:39 | 2535067 CompassionateFascist
CompassionateFascist's picture

French "workers" are to work as French "soldiers" are to war.

Mon, 06/18/2012 - 12:57 | 2536619 Analyse2
Analyse2's picture

Racist joke
- of course, there is "fascist" in your name ...

Mon, 06/18/2012 - 08:23 | 2535885 andrewp111
andrewp111's picture

Maybe we can get a Gerexit. If not, there will have to be a Frogexit to support such low retirement ages.

Sun, 06/17/2012 - 14:10 | 2534352 destiny
destiny's picture

BAsketcase yourself !  A socialist président with a socialist majority....logical.

Sun, 06/17/2012 - 14:12 | 2534353 destiny
destiny's picture

 Goodbye UMP !!

Sun, 06/17/2012 - 14:11 | 2534354 goforgin
goforgin's picture

So... does that mean that the recently reduced minimum retirement age wil be cut again?

 

No you dipshit, it means that taxes won't be as regressive. The French are actualy talking about about imposing taxes on wealth as even a junior with understanding of economic system would conclude is the only thing that can keep modern economies from imploding.

Sun, 06/17/2012 - 14:14 | 2534373 Christoph830
Christoph830's picture

No need to call Tyler a "dipshit."  You can disagree without being disagreeable.

Mon, 06/18/2012 - 03:15 | 2535593 Gief Gold Plox
Gief Gold Plox's picture

We've conducted a little study on online psychology a few years back and found that an amazing amount of people can't respectfully disagree while enjoying the comforts of online "anonymity". Brings out the worst in people I guess.

Sun, 06/17/2012 - 14:18 | 2534380 CrockettAlmanac.com
CrockettAlmanac.com's picture

The wolves are ravenous and will have sheep for dinner. They'll start by eating the fattest sheep and then work their way down because that is something on which the wolves and 99% of the sheep can agree.

Sun, 06/17/2012 - 14:27 | 2534383 Rattling Bones
Rattling Bones's picture

"Modern economies?"

Sun, 06/17/2012 - 14:17 | 2534386 Hedgetard55
Hedgetard55's picture

bullshit.

Sun, 06/17/2012 - 14:43 | 2534463 goforgin
goforgin's picture

Really! So you think that credit driven economies can grow forever? That's impossible, accumulated wealth must be re-distributed. The system advocates austerity for the people: reduction of social safety nets, reduction of wages, raising of retirement age, layoffs etc. The system never advances any meaningful positions that would decrease wealth of the elites themselves.

On the one hand, the economic pie of the elites never shrinks because it's made up by re-distribution of wealth away from the poor.

Sun, 06/17/2012 - 15:39 | 2534624 Dcheeth2
Dcheeth2's picture

Oh, that wealth in France will be distributed alright.

 

Straight to London, as the rich flee the coming taxman. 

Sun, 06/17/2012 - 15:44 | 2534637 falak pema
falak pema's picture

since 1066 actually ! They made the UK. 

Sun, 06/17/2012 - 14:20 | 2534402 Zombie Investor
Zombie Investor's picture

Have they made a decision on whether wealthy soccer (i.e. football) players will be exempted from the 75% tax.  

Sun, 06/17/2012 - 14:34 | 2534437 TWSceptic
TWSceptic's picture

"The French are actualy talking about about imposing taxes on wealth as even a junior with understanding of economic system would conclude is the only thing that can keep modern economies from imploding."

 

Yes a junior Keynesian would conclude such utter BS. Tried to junk this dipshit but arrows don't work.

Sun, 06/17/2012 - 14:39 | 2534452 noses
noses's picture

If arrows don't work try silver bullets... But remember to recycle, else it would be a waste of precious metals.

Sun, 06/17/2012 - 15:40 | 2534629 goforgin
goforgin's picture

To understand how real economies work is very simple: the top sucks from the bottom. That's it.

Sun, 06/17/2012 - 15:50 | 2534652 Turin Turambar
Turin Turambar's picture

Sigh, your ignorance if astounding.  You are conflating economics with GOVERNMENT.  That's how government (force) works.

Sun, 06/17/2012 - 15:54 | 2534661 goforgin
goforgin's picture

It's too simple for most educated individuals to grasp this simple fact!

Mon, 06/18/2012 - 07:11 | 2535783 prole
prole's picture

People like this corrupt - pocket-stuffing - sending sheople to the gulag - re-education camp commandante Gogan and especially Huxley (insulting the man's name) and I hate Rand should get a red background accross their name bar, to identify them on a pro free-market website like ZH.

Yeah I get it Comrade, Socialism is great if you are the commandante of the prison camp. I get it.

For the prisoners, not so great

Mon, 06/18/2012 - 09:22 | 2536027 GMadScientist
GMadScientist's picture

Yeah, a lot of folks miss the point that Animal Farm applies just as much to American politics as Soviet.

Quick: which country has the most prisoners per capita and what economic system do they employ?

 

Mon, 06/18/2012 - 10:07 | 2536118 prole
prole's picture

The Police State known as the "The United Soviet Socialist States of America."

The economy is a hybrid Mercantilist/Socialist top Down Authoritarian Economy. The economy combines features of Mercantilism like the government using its power to grant monopolies and market share, free money, grants and payoffs to its favorite crony-connected outfits like:GM, Monsanto, Solyndra, Goldman Sux, the country all our Traitor politicians belong to, All the War Companies, and all at the expense of everyone else.

Also included all the features of Socialism like Gulags as you mentioned, debtors prisons (don't know what to call that) cradle to grave security (but this is mostly for the elite and government connected/party members like in the old Soviet Union. Government supervises who you must hire/fire all the standard features of Socialism.

If you have any other questions please don't hesitate to ask

Mon, 06/18/2012 - 09:20 | 2536024 GMadScientist
GMadScientist's picture

Right. Because before governments, the distribution of wealth was peachy. Moron.

You don't think a robber baron can distort a market just as effectively as "Leviathan"? Maybe reading some history would help!

Sun, 07/01/2012 - 18:57 | 2579397 Turin Turambar
Turin Turambar's picture

I was reviewing some old posts when I ran across Einstein's reply.  I can't believe I missed this!  :-(

"You don't think a robber baron can distort a market just as effectively as "Leviathan"?"

LOL, who do you think hooked up your robber baron buddies?  That's right!  Political cronies.  Uhhh, they be the ones in positions of powah in da gubbermint.

dumbarse!  ROFLMAO!

Sun, 06/17/2012 - 14:34 | 2534441 Monedas
Monedas's picture

My specialty is being disagreeable...even when I agree with you !    People often wish I was with the opposition !      Monedas    1929     Comedy Jihad Special Purpose Tour

Sun, 06/17/2012 - 14:15 | 2534356 lolmao500
lolmao500's picture

Hopefully Merkel has an aneurism so a REAL conservative can take power and get Germany out of that clusterfuck before it leads to war.

I really hope France spends more and more... that way the EU will end... either it will force Germany to kick out Merkel and put a real pro-Germany politician or it will totally implode financially.

Sun, 06/17/2012 - 16:08 | 2534699 OttoMBMP
OttoMBMP's picture

Unfortunately, this will not happen.
Pro-German parties are violently fought down by government-financed Antifa groups and an overall very violent Political correctness.

Ironically, Merkel may lose and be replaced by even more anti-German leftists.

Demofarcy.

Mon, 06/18/2012 - 02:02 | 2535524 Gavrikon
Gavrikon's picture

You are probably right.

Verdammt noch Fucking Mal.

Sun, 06/17/2012 - 14:17 | 2534384 tiger
tiger's picture

Banksters can sleep well, they have another round filled with corrupted puppets

Sun, 06/17/2012 - 14:17 | 2534387 Mr.Kowalski
Mr.Kowalski's picture

"France's new Socialist government is planning to ramp up the cost of laying off workers for companies in the coming months, its labour minister said on Thursday"

"The main idea is to make layoffs so expensive for companies that it's not worth it"

"Industry Minister Arnaud Montebourg is also planning legislation that would force companies to sell plants they want to get rid of at market prices to avoid closures and job losses"

This will result in:

  1. Mass layoffs will occur before the law passes.
  2. Companies will move any jobs they can overseas.   
  3. Ongoing, if it's difficult to fire people, companies will not hire them in the first place. 
  4. Corporate profits will collapse along with the stock market should the need to fire people arise.

http://globaleconomicanalysis.blogspot.com/2012/06/hollande-about-to-wreck-france-with.html

Ces't la Vie-- the rich don't really deserve to be rich anyways. 

Sun, 06/17/2012 - 14:28 | 2534424 frenchie
frenchie's picture

this is scary...

firing poeple in France is ALREADY fucking expensive

Sun, 06/17/2012 - 16:30 | 2534726 azzhatter
azzhatter's picture

my thought precisely. I worked in Europe for 3 years and it wasn't exactly easy to fire anybody before and it damn sure was expensive

Sun, 06/17/2012 - 14:37 | 2534447 Whoa Dammit
Whoa Dammit's picture

This will result in:

More fear mongering by TPTB who just might have to give up a liitle bit of money because of this. (See 1-4 above).

Sun, 06/17/2012 - 14:45 | 2534472 Beam Me Up Scotty
Beam Me Up Scotty's picture

"The main idea is to make layoffs so expensive for companies that it's not worth it"

First thing I do as a business owner is bleed my business dry, let it go tits up and go to work for my competition.  Shortly after being hired, I will punch in and spin a pencil on my finger the rest of they day.  If my boss comes in and reads me the riot act I will raise my middle finger, and say shut up and give me my pay check---you can pay me less to sit here at work and do nothing, than to pay me to stay at home and do nothing.

 

Sun, 06/17/2012 - 17:20 | 2534780 mjk0259
mjk0259's picture

Why would the competitor hire you if you didn't want to hire anyone in your business?

 

Sun, 06/17/2012 - 15:08 | 2534534 PulpCutter
PulpCutter's picture

Wow, a country where govt officials don't think their whole job is "servicing" corporate leaders - whoda thunk it??

The American right has been chanting "the socialist French state will die" since the 1960s.  Yet France remains the world's 5th largest economy, while providing govt-run healthcare for everyone (absolutely top-notch technically, and with house calls), free college, and a very generous and early pension system. 

Guess what, American right-wing - YOU'RE WRONG, THERE'S MORE TO LIFE THAN BLOWING YOUR BOSS!

Sun, 06/17/2012 - 16:53 | 2534751 James
James's picture

As a employer i've never had an employee blow me

Might be because i'm spent from my clients blowing me!

Sun, 06/17/2012 - 18:03 | 2534896 destiny
destiny's picture

I second that...I started to feel lonely here.  Yes, exactly, and how the hell did we achieve that ?  well each worker pays its share, it's deducted from his salary, each company pays its share as well, and considering that a company could NOT exist without its staff I'd say it's a fair share.  It's been working that way for decades.  Our Debt has NOTHING to do with the above but is directly linked to the subprime fiasco (not OURS by the way), WE PAID for the fucken bankers....  Firing people in France is not expensive if you know HOW to hire the right individuals, moreovers the laws exist to ensure people don't get screwed in the ass by unscrupulous employers! 

Sun, 06/17/2012 - 15:08 | 2534559 solgundy
solgundy's picture

Socialist's are a dying breed....they just don't know it yet.....can you hear me BHO???

Mon, 06/18/2012 - 07:10 | 2535780 Element
Element's picture

Alternatively the unemployed >99-weeks in the US may actually be dieing.  There are unscrupulous businesses and disenfranchised (non)workers in every country.  Does any political party deal with that perfectly?  Not that I can see.

If I were France I'd provide a clear incentive to workers to benefit from being employed, not a dis-incentive to Businesses to employ them.  Funny enough, if I were the USSA, I'd do the same thing.

But when a country gets buried in debt, simply because it won't be honest, or budget properly, and thus becomes saddled with zombie banks and public debt, the political dysfunction is always to fuck up everything.

But then again, a fractional-reserve usurer debt-money system is always going to end up that way, no matter who's in Govt.  It's only the rate that you get to that which may alter.

So it's the wrong argument.

There's no point arguing political ideologies at all when the usury system is intrinsically going to fly out of balance (see Steve Keen's modelling).

Sun, 06/17/2012 - 16:02 | 2534685 disabledvet
disabledvet's picture

Don't worry Mr. Kowalski your Gran Torino should still be safe.

Sun, 06/17/2012 - 17:18 | 2534773 mjk0259
mjk0259's picture

We have that in the US without socialism (companies move any job they can overseas).

Sun, 06/17/2012 - 14:18 | 2534391 turtle777
turtle777's picture

Bullish for Euro implosion.

Sun, 06/17/2012 - 14:20 | 2534396 lolmao500
lolmao500's picture

Mwahahahahahaaha!!!

http://www.telegraph.co.uk/finance/debt-crisis-live/9336591/Greek-electi...

AFP reports that Germany is ready to discuss giving Greece more time to carry out reform.

Another bailout coming! Germans get fucked again... and they will still vote for the pro-EU parties and believe Merkel is on their side!!! Are Germans that stupid?

Sun, 06/17/2012 - 16:13 | 2534705 OttoMBMP
OttoMBMP's picture

Yes.

Mon, 06/18/2012 - 02:04 | 2535527 Gavrikon
Gavrikon's picture

Leider.

Lech mich am Fucking Arsch!

Sun, 06/17/2012 - 14:21 | 2534404 mantrid
mantrid's picture

I wonder when this little cognitive dissonance is about to hit you guys:

socialists winning in France - bad for France

socialists winning in Greece - good for Greece

 

perhaps when Syriza reverts retirement age just as Hollande did in France?

Sun, 06/17/2012 - 14:24 | 2534416 destiny
destiny's picture

socialists winning in France - bad for France

 

Wrong :  Socialists winning in France  - bad for Germany

Sun, 06/17/2012 - 14:50 | 2534496 Winston Smith 2009
Winston Smith 2009's picture

Right.  Although the socialists in France and Greece would be doing it for the wrong reason ("free lunches for everyone"), they'd be the only ones who'd have the balls to do the proper thing and tell the banksters to go f*ck themselves.  90% haircuts or nothing, take your f'ing pick.

Of course, no one would loan them any more money, but then they would be forced to do what governments worldwide should do from this point on - promise only what they can pay for with actual revenues - no more buying votes with false promises that can only be met by perpetually charging up that credit card the central bankers so gladly gave you.

Sun, 06/17/2012 - 17:35 | 2534421 TWSceptic
TWSceptic's picture

nvm

Sun, 06/17/2012 - 14:44 | 2534465 YuropeanImbecille
YuropeanImbecille's picture

God damn I hate these french pigs. We should throw em out of the EU and the EURO. 

It is hard to find more worthless people on the face of our planet.

 

Now these smelly fuckers expects us norther europeans to fund them as they have gone all africa on us! 

Sun, 06/17/2012 - 14:51 | 2534499 destiny
destiny's picture

Watch your FUCKEN language you hateful dickhead !

Sun, 06/17/2012 - 15:16 | 2534577 brucyy
brucyy's picture

surrender !

Sun, 06/17/2012 - 16:21 | 2534718 Analyse2
Analyse2's picture

Racist joke (Nazi-like)

Sun, 06/17/2012 - 14:53 | 2534505 falak pema
falak pema's picture

just walk away and say sayonara to club med; easy! if you have the guts!

Sun, 06/17/2012 - 15:59 | 2534680 pods
pods's picture

"It is hard to find more worthless people on the face of our planet."

Come to the states and visit a walmart on a saturday.

pods

Sun, 06/17/2012 - 16:34 | 2534732 Hulk
Hulk's picture

http://www.peopleofwalmart.com/

very, very, embare assing...

Sun, 06/17/2012 - 17:29 | 2534796 mjk0259
mjk0259's picture

You're not looking very hard. Check Detroit, Newark, Camden, East St Louis, Pakistan, Afghanistan, Zimbabwe.

Sun, 06/17/2012 - 20:36 | 2535151 Husk-Erzulie
Husk-Erzulie's picture

Beg to differ on AfPak.  4000 years of cultural tradition which will almost certainly survive the hubris, and unstable influence of, the relatively young Anglo/Germanic brand.  Just sayin.

Sun, 06/17/2012 - 21:58 | 2535286 mjk0259
mjk0259's picture

Any useful product in your house invented in or produced in AfPak?

Unless you use heroin, probably not

Sun, 06/17/2012 - 22:53 | 2535362 Husk-Erzulie
Husk-Erzulie's picture

An agrarian society with no apparent need or desire to produce iShit, televisions and ab-rollers (i.e. landfill)?  Contemptable, let's rub them out! 

Japan, France and the US, all technically advanced societies, but farmers in black pajamas cleaned all their clocks, one right after another. 

Mon, 06/18/2012 - 02:08 | 2535535 Gavrikon
Gavrikon's picture

Why rub them out?  Why not just leave that part of the world in benign neglect?  We should have left the fucking farmers alone, too.

When are we ever going to have a war in our own best interest?  Shit, when HAVE we ever?  1812?

Mon, 06/18/2012 - 07:21 | 2535801 prole
prole's picture

1860 but we lost that one. Been getting talked down to by Socialists pointing guns in our faces since then

It all boils down to the same thing-- This perifidious Yankee strain to dominate and rule other men, with the rank moral superiority of someone who just "knows" that they know what is best for other people, so they give it to them good and hard

Sun, 06/17/2012 - 14:47 | 2534467 Monedas
Monedas's picture

Socialism is based on a false interpretation of the Bible !  "Do others as you would have them do you !" doesn't mean think of everyone else's needs before your own !  That is not a life affirming protocol !         Monedas     1929      "After you have seen to all your wants and desires and are comfortable....focusing on yourself....and circumstances intrude and force you to consider sticking your nose in other people's crotches....then, you ought to treat them with a fair and healthy consideration of how your treatment of them will affect your interests !"....The Book of Monedians, New Testament

Sun, 06/17/2012 - 14:54 | 2534500 falak pema
falak pema's picture

you're a clown to drown the totalitarian reality in sham libertarian virtuality. Good comedy jihad! 

Sun, 06/17/2012 - 14:51 | 2534497 falak pema
falak pema's picture

now the battle between Merkel and the Squid and friends, really begins; lets see Greece to find out if they will fleece Eurozone! 

Sun, 06/17/2012 - 14:59 | 2534515 Bam_Man
Bam_Man's picture

And Germany says (with a VERY panic-stricken look): "Where are my credit cards? My credit cards are all missing! Where are my credit cards?"

Sun, 06/17/2012 - 15:17 | 2534524 PulpCutter
PulpCutter's picture

The American right has been chanting "the socialist French state is on it's last legs" since the 1960s. Yet France remains the world's 5th largest economy, while providing govt-run healthcare for everyone (absolutely top-notch technically, and with house calls), free college (world-class), six week vacations, and a very generous and early pension system.

Meanwhile, America has gone from one-income families that are gaining, economically, to two-income families that are falling behind.  One has to wonder just what it would take for reality to dawn, for the American right.

Sun, 06/17/2012 - 15:19 | 2534583 GeneMarchbanks
GeneMarchbanks's picture

Largely because the State sponsored capitalist model allows for much more flexibility than the "free" market Anglosphere supposedly adheres to.

This is why you have the US scrambling now to revive ExIm to shadow the Chinese.

Sun, 06/17/2012 - 15:38 | 2534612 Monedas
Monedas's picture

PulpCutter  aka  CanadianTreeFrog !     5th largest ?  US, China. Germany, Japan, FRANCE, Brazil, England, Russia, South Korea, Italy, Brazil. Canada, Australia, Spain. India, Mexico ?  The size of the French population would tend to lead one to think, then, that the French are the wealthiest people in the world on a per capita basis ?           Good !          Let's go after them !        Monedas      1929         Comedy Jihad Socialist Mob Mentality Icon

Mon, 06/18/2012 - 03:54 | 2535614 Gief Gold Plox
Gief Gold Plox's picture

Why does your space-bar get stuck so often? In strange places too.

No disrespect meant, it's just awfully hard to read your comments the way you (mis)structure them.

Sun, 06/17/2012 - 15:00 | 2534525 Rainman
Rainman's picture

Wake me when the socialist Frenchies reduce the retirement age to 50 with 90% salary and med for life.......like any California peace officer or firefighter.

Sun, 06/17/2012 - 15:00 | 2534528 DaveA
DaveA's picture

Nice to see everyone getting on the socialist bandwagon. Now all we need is someone to pull it!

Sun, 06/17/2012 - 15:26 | 2534597 debtor of last ...
debtor of last resort's picture

The goal is to let the bankers burn their hands on the debt serfdom bandwagon. After that we'll see. First things first.

Sun, 06/17/2012 - 15:19 | 2534584 Monedas
Monedas's picture

The only way to honestly serve yourself and others effectively is to participate in the free market....every thing else is lies, theft and deft !        Monedas      1929        Comedy Jihad Theft Based Intellectual Altruism Social Farce And Spatula City Tour

Sun, 06/17/2012 - 16:09 | 2534694 Jena
Jena's picture

Spatula City Tour!  Count me in!

Amen to the free market.  Let's have one of those!

 

edit: dang typos

Sun, 06/17/2012 - 18:06 | 2534900 Monedas
Monedas's picture

If you even remotely look like your Avatar....I will give you a private tour of my spatula collection !       Monedas      1929       Have you ever been spanked on the bare bottom with a teflon spatula ?

Sun, 06/17/2012 - 15:28 | 2534601 Alpacanio
Alpacanio's picture

Retirement at 20!!!! Thanks Germany!

Sun, 06/17/2012 - 15:30 | 2534608 working class dog
working class dog's picture

Merkel will give the appearance of the President Ford action when NYC was bankrupt,

Merkel will tell the southern countries "GO TO HELL",

 

Than Merkel will proceed to do what her masters tell her to do, and that is roll over and let the money printing begin, the exponential sprial to world war 3.

Mon, 06/18/2012 - 02:11 | 2535541 Gavrikon
Gavrikon's picture

Stimmt's.  Fucking Schlampe.

Sun, 06/17/2012 - 15:32 | 2534609 shovelhead
shovelhead's picture

Hollande will spend and send the bill to Germany and it will come back stamped 'Return to Sender'.

Oops.

Le pants shit.

Sun, 06/17/2012 - 15:33 | 2534611 TheObsoleteMan
TheObsoleteMan's picture

France is having difficult times itself right now, but socialism is NEVER the answer. The french will have to learn the hard way that there is no free lunch. Nobody wants to make the sacrifices and suffer the pain that comes along with economic contraction, so they vote socialist because they can be counted on to kick the can down the road like no other. France's collapse will just come sooner now, so in a perverse way, they did the right thing.

Sun, 06/17/2012 - 16:08 | 2534697 PulpCutter
PulpCutter's picture

ROFL - the American right has been saying "France is going to collapse any minute now" since the 1960s. 

The French have continued on as the world's 5th-largest economy, while having top-notch govt-run healthcare, top-notch free college, six weeks vacation, and a retirement age of 60.  At the same time, America has gone from one working-parent families that were climbing the ladder, to two working-parent familes that are falling behind. 

Had enough trickle-down, yet?

Sun, 06/17/2012 - 18:12 | 2534910 destiny
destiny's picture

You're damn right and the sooner the better.  Socialism may not be the answer but the actual state of the capitalistic world just proves to show that it is not the answer either.  Capitalism created debts, credit-based economies.... selling your soul to the devil woul'd have had a worst effect. 

Mon, 06/18/2012 - 04:09 | 2535621 falak pema
falak pema's picture

Charybdis and Scylla; right now we got the worse of both worlds. Medieval Corpocratic feudalism gone viral and welfare state statisim gone soggy.

Where is Ulysses?  

Mon, 06/18/2012 - 07:32 | 2535817 prole
prole's picture

No surprise the Socialists get their cake and eat it too:

What is the difference between the corrupt Socialists who run France and the Corrupt Socialists who run America? The rate at which they import Moslems to kill off the native populations?

I can think of no difference. Maybe France doesn't kill as many people in their empire games as we do these days.

But the French Commies point the finger at the failings of our Commie leaders, and blame Capitalism? WTF dude, are you aware of what a NEO-Conservative is? Are the Bushes Capitalists? Krinkton? Obama- A Capitalist?

All these posters are just building lies on top of lies and talking points. All nonsense all stupidity, all the time. I might as well be in a publis school classroom or watching mainstream media as read the crap of these Socialist shills/liars.

Sun, 06/17/2012 - 15:43 | 2534634 docj
docj's picture

"Socialists" have been a voting majority in the French parliament for as long as I've been alive - even the so-called "right wingers" in France are socialists.

Mon, 06/18/2012 - 04:06 | 2535619 falak pema
falak pema's picture

you're from Mars, we're from Venus.

Mon, 06/18/2012 - 07:34 | 2535825 prole
prole's picture

Doc J, your comment is also true for USSA, all Socialist leaders all the time, some pretend to be Republicans, some pretend to be democrats, what is the difference? Is there any difference since 1930s era at all?

Sun, 06/17/2012 - 15:44 | 2534639 junkyardjack
junkyardjack's picture

Bullish

Sun, 06/17/2012 - 15:51 | 2534653 dimitrir
dimitrir's picture

I'll wait for Krugman to explain what this means.

Sun, 06/17/2012 - 15:52 | 2534655 El Tuco
El Tuco's picture

It's like a fucking freak show in Europe. Just let the fucker go already. The patient is dead.

Sun, 06/17/2012 - 15:56 | 2534664 100pcDredge
100pcDredge's picture

La France n'est pas une pipe.

Sun, 06/17/2012 - 15:56 | 2534665 lemonobrien
lemonobrien's picture

party like its 1999!

Sun, 06/17/2012 - 16:21 | 2534719 Lore
Lore's picture

They made their bed, Now let them sleep in it.

The Greeks made their bed. Let them sleep in it.

Don't let the bedbugs bite.

Mon, 06/18/2012 - 04:03 | 2535617 falak pema
falak pema's picture

the greek oligarchs keep thinking its a water bed with vestal virgins thrown in all paid by Eurozone. Merkel keeps saying "party over and I want free slave labour for my bail out money". Hollande keeps thumping, now that he is really in; "yes we can, bring work and diginity to this lost generation." The Banksta cabal says, "oh God, that was close! We got ourselves two more months until Spain/Italy blows and until FED vomits greenbacks to save Potus's election."

The club med women say, "oh this is going to be so tough, no work and my daughter at home, we'll have to set up home servicing using Internet web-cam hottie shows."

I say, "what a great summer all those sports venues. I hope the vineyard makes good wine in 2012 summer" (not looking good).

ZH says, "doom is round the korner and come get your popcorn". 

One big happy family of morons now fixated by this ongoing soap opera. What a beautiful world. I hope you guys have a good novel to read by the beach or the July scorching terrace. 

 

Sun, 06/17/2012 - 16:22 | 2534721 Future Jim
Future Jim's picture

 

 

"I hope the Socialists get a majority. It's got to be better than power-sharing: at least they will be able to get something done," said Philippe Jauseau, 47, a computer engineer voting in Paris.

This Parisian has hit the nail on the head. The whole problem is that government is not getting enough done.

Remember how the media complained about gridlock under Clinton every day? The economic results of gridlock were just awful.

Sun, 06/17/2012 - 17:04 | 2534758 UGrev
UGrev's picture

Just because "they are getting something done" doesn't mean that what is getting "done" is going to be helpful. There's a reason we have checks and balances as well as guns. 

Sun, 06/17/2012 - 18:19 | 2534778 Future Jim
Future Jim's picture

Your new to this whole sarcasm thing aren't you? ;)

Embracing the cognitive dissonance of one's opponents, first tricks them into listening, which they should have been doing anyway, and then forces them to choose between changing their facts or changing their conclusion, so that the two match - which they should have been doing anyway. Their reply invariably is just name calling. It is all they have left. They won't change right then of course because the fear of going against their peers it too overwhelming, but when the tide starts to change, they will not resist as much.

In this case, they now claim daily how the economy was great under Clinton, but they never simultaneously allow themselves to remember that back then, they and/or their whole faction claimed daily that gridlock was destroying - well - everything. There was indeed gridlock, and the economy did indeed respond better to gridlock then than it has now to Obama's stimulus, bailouts, Obamacare, etc., so ... the only possible conclusion is that gridlock is better than what they want government to get done.

Sun, 06/17/2012 - 17:32 | 2534802 mjk0259
mjk0259's picture

The checks and balances were to make it difficult for the federal government to do anything to prevent a new King from arising. That worked but maybe not the best system for the modern world considering the recent performances.

Americans stay home polishing their guns. Euro's have big strikes and protests and replace the government with something significantly different occaisionally. Never happens in US.

 

 

 

 

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