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France Unemployment New High, Output Down 15th Month; Prices Drop 27th Month; Activity Up in Peripheral Europe; Outlook for Germany

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / July 25, 2014

The grim economic news from France keeps piling up. Today, Europe Online reports Number of Unemployed in France Hits New High.

The number of unemployed people in France has hit a new high as the country grapples with the fallout of the [...]

Number Of French Jobless Rises To New Record

zerohedge.com / by Tyler Durden / 07/25/2014 12:25

With “recoveries” like these who needs staged, false flag conflicts and wars covering over 10% of the globe? Well, socialist France for one which moments ago announced that total jobless rose from 3.389 million to 3.398 million, a new record high. Surprisingly, while the year-over-year unemployment change [...]

Is France’s Stock Market Cracking?

acting-man.com / Pater Tenebrarum / July 9, 2014

Breaking From the Wedge

France is currently Europe’s “sick man”, not least due to the destructive economic policies pursued by its socialist government. Halfhearted attempts at reform have so far not achieved any notable change, precisely because they are going nowhere near far [...]

Paris to Tax Empty Offices at 20-40% of Rental Value; Price Crash On the Way

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Wednesday, July 09, 2014 12:43 AM

The ideas from France get nuttier and nuttier as time goes by. Via translation from Les Echos, please consider Paris Will Tax Empty Offices.

The Paris City Council approved Tuesday a tax on commercial vacant properties. The main objective [...]

France, Germany Deliver Blows to U.S. Dominance

ftmdaily.com / by Jerry Robinson / July 8, 2014

Global dollar dominance is on the brink of collapse, and on today’s podcast, Jerry Robinson breaks it all down for you. Jerry discusses:

Petrodollar Threat: Total’s CEO calls for a bigger euro role in oil trade France lashing out at global dollar dominance First time since [...]

France Calls for the END of U.S. Dollar Reserve Currency!

investmentwatchblog.com / July 8, 2014

France hits out at dollar dominance in international transactions US authorities fined BNP Paribas $9bn for helping countries avoid sanctions. Michel Sapin, the French finance minister, called for a “rebalancing” of the currencies used for global payments, saying the BNP Paribas case should “make us realise the necessity of [...]

Premature Retail Spending Hope for France and Italy, Lofty Expectations for Germany

globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / July 6, 2014

Markit’s Eurozone Retail PMI shows Eurozone retail sales flat as declines falls in France and Italy offset German gains.

The Markit Eurozone Retail PMI which tracks month-on-month changes in like-for-like retail sales read 50.0 in June, little-changed from May’s 49.9 and indicative of a [...]

Exaggerating the Dollar’s Demise

marctomarket.com / by Marc Chandler / July 7, 2014

The headline of the Financial Times today reads “Paris rails against the dollar’s dominance.” It could have been written nearly any time in the past half century. After all it was a former French President Giscard d’Estaing, who as finance minister in the 1960s, complained about [...]

France’s Politicians Waist-Deep in La Merde

lewrockwell.com / Eric Margolis / July 5, 2014

Former French president Nicholas Sarkozy’s dramatic criminal interrogation last week shows once again that the politics of the French Republic remain waist-deep in sewage. It was also an affront and humiliation of a former – and would be future – French president.

Sarkozy [...]

By “Punishing” France, The US Just Accelerated The Demise Of The Dollar

zerohedge.com / by Tyler Durden on 07/04/2014 15:04

Not even we anticipated this particular “unintended consequence” as a result of the US multi-billion dollar fine on BNP (which France took very much to heart). Moments ago, in a lengthy interview given to French magazine Investir, none other than the governor of the French National [...]

Krugman’s Bogus Belgium Boosting

mises.ca / by Robert P. Murphy / July 3rd, 2014

Using the World Cup news hook, Paul Krugman recently compared the economic performance of Belgium with France and the Netherlands. In a post titled, “The Secret of Belgium’s Success,” Krugman first showed that Belgium had weathered the financial crisis better than its neighbors, [...]

The Arms Race Is Back… With A Twist: US Congressman Urges NATO To Purchase French Warship Destined For Russia

zerohedge.com / by Tyler Durden / 07/03/2014 11:22

The saga of the French Mistral amphibious assault warship which was ordered by Russia years ago, and whose delivery – at least according to Putin – was the reason behind the US record $9 billion DOJ fine of French BNP (which the Russian president [...]

Fleeing the French Welfare State

acting-man.com / Pater Tenebrarum / July 2, 2014

“Good Riddance, Rich Bastard”

We have actually discussed the flight of the best and brightest (as well as the richest) citizens from president Hollande’s socialist paradise before – see “Regime Uncertainty in France” for details. We have just come across the video below, [...]

Putin Slams US $9 Billion Fine Against French BNP As “Blackmail” For Russian Warship Deal

zerohedge.com / by Tyler Durden / 07/01/2014 10:48

Recall that about a month ago we reported that shortly after France was stunned to see its largest bank slammed by its bestest buddy, the US, with a record $9 billion fine, “France responded to the fine by announcing it will train hundreds of Russian [...]

China signs yuan accords with France, Luxembourg

finance.yahoo.com / June 30, 2014

China’s central bank said it has signed agreements for yuan clearing arrangements with France and Luxembourg, with the aim of promoting greater use of its currency overseas.

The People’s Bank of China (PBoC) said it would designate Chinese banks as the yuan clearing [...]

French Joblessness Soars To Record High; Rises For 36th Month In A Row

zerohedge.com / by Tyler Durden / 06/26/2014 12:31

More Hollande ‘broken promises’ as French joblessness reaches a new record high. Aside from the idiotic month when officials forgot to send text messages, this is the 36th month in a row of worsening employment in France. That must explain why, along with a collapsing PMI, [...]

Bull Market in Taxes

armstrongeconomics.com / By Martin Armstrong / June 23, 2014

You can rent mansions in France now really cheap for anyone who had money seems to have left the country. The Labour Party in Britain is proposing a 2% property tax. There is no property tax in Britain or France. This is already starting to [...]

Forget Zero Dark Thirty; ISIS Launches “The Clanging Of Swords” Propaganda Movie

zerohedge.com / by Tyler Durden on 06/23/2014 17:39

Aerial shots, slow-motion explosions, scenes filmed through a rifle’s crosshairs… As France24 reports, you might think this is footage from a new summer blockbuster, but you would be wrong. It is, in fact, a new propaganda video produced by Sunni jihadists from the armed group the Islamic [...]

France Arbitrarily Decides To Become Largest Stakeholder In Alstom, May Use Decree To Block Deal

zerohedge.com / by Tyler Durden / 06/20/2014 11:40

We suspect this is not exactly the great news that GE was expecting… French minister Montebourg believes none of the current offers fulfill their demands and will use a decree to block the deal:

*MONTEBOURG SAYS FRENCH STATE TO TAKE 20% STAKE IN ALSTOM [...]

Repudiate the Public Debt? How About Corporate Personhood and Monopoly Central Banking?

thedailybell.com / By Staff Report / June 11, 2014

The French are right: tear up public debt – most of it is illegitimate anyway … As history has shown, France is capable of the best and the worst, and often in short periods of time. On the day following Marine Le Pen’s Front National victory [...]

More from France’s Bloated Public Sector

mises.ca / by David Howden / June 10th, 2014

The public sector in France is among the best financed in Europe. Taxes claim around 45% of all income earned in the country, but even that is not enough to finance all the government projects. The country also runs a public budget deficit [...]

The Battle to Stop the Credit Cycle

A couple of D-Day veterans taking their military bling for its annual walk to the beaches of Normandy.

acting-man.com / By Bill Bonner / June 10, 2014

70th Anniversary of D-Day

We spent last week in France. Normandy, to be precise. We observed a flow of Americans heading toward the north coast. [...]

JIM WILLIE’S MOST SHOCKING CLAIM EVER: JAPAN, SAUDIS, & GERMANY WILL TURN AGAINST US, JOIN RUSSIAN ALLIANCE!

silverdoctors.com / BY THE DOC / JUNE 10, 2014

In Part 2 of his most EXPLOSIVE interview ever, Hat Trick Letter editor Jim Willie was on fire, dropping numerous new BOMBSHELLS for SD listeners:

Dead Petro-Dollar Event Coming- Saudis set to announce the acceptance of ANY CURRENCY for oil, ALL OPEC Nations [...]

Schoolyard Tiff in Paris

lewrockwell.com / Eric Margolis / June 7, 2014

Presidents Barack Obama and Vladimir Putin were ships passing in the night while in Paris for the G-7 meeting.

The American president reportedly refused to dine with Putin, who was being hosted by France’s president Francois Hollande as part of the D-Day commemoration.

[...]

France Responds To US BNP Fine, Will Train Hundreds Of Russian Seamen To Operate French-Made Warship

zerohedge.com / by Tyler Durden / 06/04/2014 08:03 -0400

In the aftermath of the Russian sanctions, which French president Francois Hollande vehemently approved after constantly slamming Russia’s involvement in the Ukraine conflict, and even went so far to threaten the cancellation of a delivery of a powerful French-made amphibious assault warship, the Mistral, [...]

The Most Worrying Chart For Europe’s Stability

zerohedge.com / by Tyler Durden on 06/02/2014 19:41

While we have historically noted the explosion of youth unemployment as a key factor for instability in Europe, there appears to be an ever more concerning indicator of the potential fragility of the European Union. As Bloomberg’s Maxime Sbahi notes, the difference in economic performance (and mood) [...]

Netflix Is Going To France

sproutmoney.com / June 2, 2014

Netflix never beat around the bush with regards to its ambition to conquer the world. The on-demand Internet streaming service company now wants to take over France, since the speed of broadband internet there is satisfactory to launch Netflix’ services.

France could become a very interesting [...]

Two-Thirds Of Global PMIs Decline In May

zerohedge.com / by Tyler Durden / 06/02/2014 09:04

While we await today’s US Manufacturing ISM number (expected to rise from 54.9 to 55.5), here is how some 23 of the world’s most important countries fared in May in their manufacturing data. In brief: as the below table shows, out of the 23 countries that have [...]

France Furious At US $10 Billion BNP “Masterful Slap”, “Racketeering” Fine

zerohedge.com / by Tyler Durden / 06/02/2014 08:45

With Eric Holder suddenly playing hardball with the banks (most notably not US banks), it has not gone unnoticed among the largest European newspapers. The potential $10 billion penalty for BNP Paribas -France‘s largest bank – for alleged dealings with a sanctioned Iran has been called a [...]

France’s Kamikaze President

lewrockwell.com / By Eric Margolis / May 31, 2014

PARIS – France’s embattled president, Francois Hollande, is “fini.” So goes the prevailing view here from cafes to boardrooms. With three more years to go in his term, France’s Socialist president looks like a dead politician walking.

Three years is an [...]