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testosteronepit.com / By Hilary Barnes, Euro Politico Twitting / April 18, 2014 at 1:50PM
Manuel Valls, recently appointed Prime Minister of France, who has discreetly hinted that he hopes one day to be regarded alongside the likes of General de Gaulle as “the man who saved France” from itself, has found a new and fascinating [...]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Saturday, April 05, 2014 9:07 PM
Francois Hollande’s new government is of to a shaky start.
The European Commission told Manuel Valls, Hollande’s new Prime Minister to “be more like Spain”, and impose more austerity to meet deficit targets. The irony of course is that Spain has failed at [...]
plata.com.mx / By Hugo Salinas Price / April 4, 2014
Ambrose Evans-Pritchard in “The Telegraph” (www.telegraph.co.uk, April 2, 2014) is quite worried about deflation in the Eurozone; he says it may become entrenched, which would lead to economic disaster for Europe.
What we are seeing is a repeat performance, on the world stage, of a [...]
marctomarket.com / By Marc Chandler / March 1, 2014
French President Hollande, fresh from a stunning defeat in local elections is signaling that he will once seek the EC (and Germany’s) forbearance to relax the fiscal rules yet again for the euro zone’s second largest economy.
Yesterday INSEE reported that France’s 2013 budget deficit [...]
globaleconomicanalysis.blogspot.ca / Mike “Mish” Shedlock / Tuesday, April 01, 2014 12:11 PM
The latest numbers from Insee, the national statistics institute show France missed its deficit target of 4.2% in 2013 by 0.1 percentage points. Public spending is also up. Spending now amounts to over 57% of GDP with debt reaching 93.5% of GDP.
Today one of the legends in the business expressed concern that an ominous danger signal has been triggered for only the 3rd time in history. The is very troubling according to 50-year veteran Art Cashin, who is Director of Floor Operations at UBS ($650 billion under management). Cashin also included [...]
thedailybell.com / By Staff Report / March 27, 2014
France is the ‘sick man of Europe’ … It’s France’s turn to be the “sick man of Europe,” a competition that no country wants to win. The phrase seems to have originated with Tsar Nicholas I of Russia, who wrote it in reference to the Ottoman [...]
trueeconomics.blogspot.com / Dr. Constantin Gurdgiev / Friday, February 21, 2014
Over recent years I wrote extensively about the issues of negative equity and the costs of this phenomena to the society and economy at large. Much of the research in this areas focuses on the US data, with some departures for German and Italian data [...]
testosteronepit.com / By Wolf Richter / FEBRUARY 13, 2014 AT 12:15AM
Maybe it worked. He needs all the help he can get: when French President François Hollande was paraded around Washington D.C. by President Obama, the French government-owned TV channel France 2 described the two as exhibiting, or at least trying to exhibit, “harmony.” Then [...]
armstrongeconomics.com / by Martin Armstrong / February 11, 2014
QUESTION: I’m not clear about the purpose of the ECB. Each member country goes to the international capital market and gets a different cost for its bond issuance based on its credit worthiness and other factors. If the ECB’s role is to redistribute the debt loads [...]
zerohedge.com / by Tyler Durden / 01/31/2014 10:43 -0500
There was a time – roughly between May 2010 and the spring fall of 2011 – when all the world had to worry about was Greece. Then the realization finally dawned that since a Grexit from the Eurozone would kill the EUR and theEuropean integration [...]
zerohedge.com / by Tyler Durden on 01/30/2014 15:04 -0500
When your manufacturing industry unions kidnap their business leaders, taxes reach extremes of duress, industrial production limps lower and unemployment hits record highs; it is hardly surprising that the world is a little nervous of piling its hard-printed cash into your country. But in the [...]
gata.org / Chris Powell / Sunday, January 19, 2014
Today’s fuss about the German Bundesbank’s repatriation over the last year of only 5 of the 300 tonnes of its gold that it planned to repatriate from the Federal Reserve Bank of New York should include a fuss about the Bundesbank’s similarly pitiful repatriation of [...]
zerohedge.com / by Tyler Durden on 01/14/2014 14:01 -0500
Poor Uber: the limo company has had its share of tribulations in the US over the past month, being accused periodically of price gouging when it implemented surge pricing during times of peak demand and lack of alternatives (and a very confused consumer, who naturally [...]
acting-man.com / By Pater Tenebrarum / January 13, 2014
Nothing Left to Lose?
In a recent article at Reuters, the hope was expressed that the approval rating of France’s president Francois Hollande (lately renamed ‘LOL-lande’ in the French press and ‘Niemandshand’ in the Dutch press for reasons explained further below) has by [...]
zerohedge.com / by Tyler Durden on 01/06/2014 17:31 -0500
Workers at a tire plant in Northern France have taken two managers hostage until Goodyear (the firm that owns the plant and has been trying to shutter it for years) meets the mabor unions demands. WSJ reports, as Goodyear winds down operations with the plant [...]
globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / Saturday, December 28, 2013 2:12 PM
The economic stupidity in France is astounding. It’s hard keeping up with all the inane ideas of President Francois Hollande’s socialist administration. Here’s another one of Hollande’s ideas for your amusement.
RT reports French broadcasting watchdog CSA eager to tax YouTube, [...]
zerohedge.com / by Tyler Durden on 12/27/2013 15:02 -0500
In order to finance the “culture industries’ digital transition,” France’s Culture Ministry believes Facebook and YouTube should be included in the so-called “Culture Tax” that movie theaters and broadcasters currently pay. The argument is that these sites have become “professional” content providers of video-on-demand serives. [...]
"Many gold bugs readily admit silver to be more depressed than gold. Ted Butler stated long ago that not even gold has a users association. The fact of the existence of this group is another of many proofs that synthetic money creators hate and fear silver even more than their loathing for gold." - Charles Savoie