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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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

veyron's picture

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

 

But they are le tired

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.

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.....

The Big Ching-aso's picture

 

 

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

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. 

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?

Newsboy's picture

That's Talmudic, not "Christian".

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

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.

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.

goforgin's picture

So Rommey is going to screw the banksters?

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.

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.

 

 

Nussi34's picture

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

A Nanny Moose's picture

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

GMadScientist's picture

Deleted on account of utter redundancy.

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?

meghaljani's picture

The French basketcase...

Zero Govt's picture

Yep, Marxism here we go

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

mjk0259's picture

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

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.

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!

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.

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.

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.

 

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.

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.

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 ! 

pods's picture

I junked you for using the term human resources.

 

James's picture

The first resource in my Co. is capital.

I can find any monkey to do the work.

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 ?

James's picture

That's the difference between you and I.

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

Weak willed individuals do.

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!!

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 ...

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....

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! 

mjk0259's picture

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

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.

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.

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

 

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

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" ?

James's picture

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

The best to you always!

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.

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"

CompassionateFascist's picture

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