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#1 |
Soaring
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In France. In Greece.
Possible that historians in the future will mark this sunday at the very latest as the ultimate beginning of the ultimate end of the Eurozone in its current format.
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#2 |
Admiral
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That was today, well any how we got a big moon.
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#3 |
Grey Wolf
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True.
I have read about this in the news today: moon is as closest as possible to earth this year tonight. I wanted to show this to my kids, but what a disappointment, the sky was too cloudy to see the moon. "We got a big moon", did you see it? Well, obviously. |
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#4 |
Lucky Jack
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I would tend to agree...it's going to be an interesting day for Europe, that's for certain...
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#5 |
Lucky Jack
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I hope Sarkozy is given the boot and don't forget your milk crate on the way out. As for Greece what a mess.
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#6 |
Fleet Admiral
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I really would like to see Sarkozy get a thumping then hopefully in few months time or so he and dodgy Dave can spend all their free time together...
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Never trust the Tories look what Thatcher and Major did in the 80s and 90s and look what the wicked witch May is doing now doing now ![]() ![]() |
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#7 |
Lucky Jack
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I fear that if Hollande comes in to power though, it'll be the first of the dominos to fall.
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#8 |
Chief of the Boat
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We should know the fate of Sarkozy in a few hours
![]() I'm expecting him to lose. |
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#9 | |
Fleet Admiral
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Never trust the Tories look what Thatcher and Major did in the 80s and 90s and look what the wicked witch May is doing now doing now ![]() ![]() |
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#10 | |
The Old Man
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![]() btw, isn't that funny that a descendant of Jewish Hungarian immigrants is saying that he plans to ban the immigrants coming to France ![]() I hope he has a hard landing back in Jerusalem... |
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#11 |
Soaring
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I expect Sarkozy to loose, too, but he is the lesser of two evils - let there be no doubt that everybody wanting an improved financial situation in France and Europe and that Eurocrats and especially Germany will cry for him. Hollande is a 100% socialist, he wants planned economy, a centralised EU following French exmaple, he wants to end the ECB's (formal) independence so that it can print the moneys he needs without him needing to boost economy to produce the real value raising ammounts of money should base on - and he wants Germany guaranteeing for the debts he wishes to make, and paying for it indirectly via the ECB and EU fonds. Needless to mention Eurobonds to collectivise debts so that the better performers get punished and the ones lacking fiscal discipline must not feel any motivation to be dislkined at all. The so-called fiscal pact - I hesitate to call it that because it already is substantially watered down and allows many backdoors for nations to escape it's discipline rules - he wants to reopen and renegotiate, too (just other words for abandoning it) .
Ah, and he wants 75% tax on the "rich". Hollande has slammed French economy against the wall once, and he performed so bad that the last socialist president, Mitterand, needed to stop him and put him on a very short chain. The EU polit bureau and Germany need to be adamant on him. Else we get from bad to worse, and German workers and employees paying the loooong bills. Anyway, the Frenchz-German cooperation, as difficult as it already was, will suffer dearly, and like almost always the Germans in the end will give ground and allow softening up all intentions on rules, and they will agree to finance it as long as it gets hidden in indirect mechanisms that allow Merkel at home to still say that she remained "detemrined" and "unmoved". But Germany will pay the bill anyway. It will pay. No matter what. It's a genetic defect created from too much guilt accumulated in WWII. And there will be elections in Germany next year. Chances currently are thjat a socialist-green government will take over. Both have already repeatedrly said that they want to open the finacial flood-gatres of the German central bank and the ECB, and wantg to increase the german ebts to come up for the debt of others. They said it, repeatedly. So Germany is in a no-win-situation anyway. What gets decided today is only whether it can buy some more months' time, or not. I love the editorials we have in the German press, and the financial essays. So many recommendations on how by pure magic make money out of no value. And when you look closer at it, it is always the same: debts-trading, "I take your debts, so he will take my debts, and you finance his debts, and in the end, nobody pays for any debts". and keeping the snowball-system alive one round longer. Reading such essays these days make me feel that economics is the academic art of excercising retardedness, idiocy and reality-denial. The issues we get haunted by, are neither complex nor difficult to understand. What makes it diofficult is our more and more complex attempts to deceive ourselves over how irrational the whole design is. In the end, nobody has any advise at all, but is trying to calm down his panic. That is what the econimic editorials are aboujt these days.
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#12 |
Soaring
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Anbd what kind of government is to be expected in the Netherlands now?
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#13 |
Ocean Warrior
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#14 |
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Looks like Hollande as won with 51,9% of the vote.
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Never trust the Tories look what Thatcher and Major did in the 80s and 90s and look what the wicked witch May is doing now doing now ![]() ![]() |
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#15 |
Admiral
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Any chance The French can keep his missus on as first lady?
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