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Sarkozy concedes defeat to Hollande

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Sarkozy concedes defeat to Hollande

Unread postby eXpat » Sun 06 May 2012, 16:00:18

France presidential election: Sarkozy concedes defeat to Hollande
$this->bbcode_second_pass_quote('', 'N')ICOLAS Sarkozy has conceded defeat to socialist candidate Francois Hollande in the French presidential election.

Mr Sarkozy conceded defeat minutes after the polls closed, saying he had called Mr Hollande to wish him “good luck” as the country’s new leader.

The change in preisdency is expected to herald a change in how Europe tackles its debt crisis and how France flexes its military and diplomatic muscle around the world.

Exuberant crowds filled the Place de la Bastille, the iconic plaza of the French Revolution, to celebrate Mr Hollande’s victory. He will be France’s first leftist chief of state since Francois Mitterrand was president from 1981 to 1995.

Mr Sarkozy thanked his supporters and said he did his best to win a second term, despite widespread anger at his handling of the economy.

“I take responsibility ... for the defeat,” he said.

http://www.scotsman.com/news/international/france-presidential-election-sarkozy-concedes-defeat-to-hollande-1-2278968

Hollande got France now with unemployment at a 10-year high (10%), and a national debt that has rised to 86 percent of GDP. Interesting times.
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Re: Sarkozy concedes defeat to Hollande

Unread postby Quinny » Sun 06 May 2012, 16:11:15

Interesting times indeed.

If Hollande sticks to his guns, the capitalist sytem will choose to go for them. If french interest rates increase it could well trigger a property crash there.
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Re: Sarkozy concedes defeat to Hollande

Unread postby Serial_Worrier » Sun 06 May 2012, 16:11:56

$this->bbcode_second_pass_quote('eXpat', '[')b]France presidential election: Sarkozy concedes defeat to Hollande
$this->bbcode_second_pass_quote('', 'N')ICOLAS Sarkozy has conceded defeat to socialist candidate Francois Hollande in the French presidential election.

Mr Sarkozy conceded defeat minutes after the polls closed, saying he had called Mr Hollande to wish him “good luck” as the country’s new leader.

The change in preisdency is expected to herald a change in how Europe tackles its debt crisis and how France flexes its military and diplomatic muscle around the world.

Exuberant crowds filled the Place de la Bastille, the iconic plaza of the French Revolution, to celebrate Mr Hollande’s victory. He will be France’s first leftist chief of state since Francois Mitterrand was president from 1981 to 1995.

Mr Sarkozy thanked his supporters and said he did his best to win a second term, despite widespread anger at his handling of the economy.

“I take responsibility ... for the defeat,” he said.

http://www.scotsman.com/news/international/france-presidential-election-sarkozy-concedes-defeat-to-hollande-1-2278968

Hollande got France now with unemployment at a 10-year high (10%), and a national debt that has rised to 86 percent of GDP. Interesting times.


Now watch France become Greece in 2 years. Remember, that Hollande won only 51.8% to Sarkozy's 48%. This was no mandate, but watch Hollande boast about his "mandate" and act all dictatorial.
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Re: Sarkozy concedes defeat to Hollande

Unread postby eXpat » Sun 06 May 2012, 16:25:33

$this->bbcode_second_pass_quote('Serial_Worrier', '
')Now watch France become Greece in 2 years.

That´s what I fear... :|
Hollande and Merkel clash looms over eurozone austerity
$this->bbcode_second_pass_quote('', 'G')erman chancellor tells France it cannot rewrite fiscal pact but French presidential frontrunner says Berlin does not rule Europe
Germany and France moved towards a bruising and potentially destabilising showdown over how to tackle the European debt crisis when Chancellor Angela Merkel abruptly dismissed one of François Hollande's central presidential campaign pledges.

As the French Socialist leader extended his poll lead over Nicolas Sarkozy to 10 points on Fridaywith just over a week until the French vote, Merkel declared that his drive to reopen the EU's fiscal pact penalising spendthrift eurozone governments was futile.

"The fiscal pact has been negotiated, it has been signed by 25 government leaders, and has already been ratified by Portugal and Greece. Parliaments all over Europe are about to pass it. Ireland has a referendum on it at the end of May. It cannot be negotiated anew," Merkel told the WAZ media group.

But with governments across Europe falling victim to a backlash against austerity, the policy debate in Europe is shifting from German insistence on austerity towards a greater emphasis on boosting growth and creating jobs.

If he wins the French presidency on 6 May and also secures a parliamentary majority in June, Hollande and his team are committed to not ratifying the EU pact unless it is fine-tuned to include growth-boosting policies. The pact, a new rulebook for the eurozone, can come into force even if France does not ratify it, but this is seen as politically inconceivable.

http://www.guardian.co.uk/world/2012/apr/27/francois-hollande-angela-merkel-clash-eurozone
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Re: Sarkozy concedes defeat to Hollande

Unread postby Serial_Worrier » Sun 06 May 2012, 16:41:30

Watch the European stock markets crash on Monday.
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Re: Sarkozy concedes defeat to Hollande

Unread postby seenmostofit » Sun 06 May 2012, 16:56:36

$this->bbcode_second_pass_quote('Quinny', ' ')If french interest rates increase it could well hopefully trigger a property crash there.


Fixed that for you. It is about time property values came into line with reality, everywhere.
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Re: Sarkozy concedes defeat to Hollande

Unread postby radon » Sun 06 May 2012, 17:36:51

The gentleman will want a printing machine of his own, perhaps.
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Re: Sarkozy concedes defeat to Hollande

Unread postby Shaved Monkey » Sun 06 May 2012, 17:44:51

Good to see the Greeks are going Socialist too.
http://www.guardian.co.uk/world/2012/ma ... ls-parties

Its going to be one way or the other tax the rich harder or punish the poor.
Long term all economies are stuffed might as well get some equality through distribution of wealth before the ship inevitably sinks.
The rich might be spared the guillotine if they cooperate this time.
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Re: Sarkozy concedes defeat to Hollande

Unread postby Fishman » Sun 06 May 2012, 17:54:40

Oh Shaved, there will be equity in France and very soon. Every penny that can leave France will leave ASAP. The poor will be poorer, and a lot more of them too. France is toast, une tranche de pain grillé
Last edited by Fishman on Sun 06 May 2012, 18:01:12, edited 1 time in total.
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Re: Sarkozy concedes defeat to Hollande

Unread postby eXpat » Sun 06 May 2012, 18:01:09

$this->bbcode_second_pass_quote('Serial_Worrier', 'W')atch the European stock markets crash on Monday.

Maybe not crash Serial, but a lot of uncertainty for sure
France elections 2012: François Hollande victory sets EU on course for turmoil
$this->bbcode_second_pass_quote('', 'F')rançois Hollande was elected the first Socialist president of France in more than two decades on Sunday night, as French voters decisively rejected Nicolas Sarkozy as the figurehead of austerity.
A parliamentary election in Greece delivered a second hammer blow to Europe's political order, with voters flocking to anti-austerity candidates at the expense of the two traditional ruling parties.

The combination of both results was expected to upset markets and increase pressure on the euro as investors today get their first chance to react to the prospect of far-reaching uncertainty in key eurozone countries.

A €105 billion (£90 billion) bail-out deal reached with Europe to save the Greek economy would be thrown into doubt in the weeks of political wrangling expected to follow.

With a high turnout, Mr Sarkozy became the 11th European leader to fall foul of the economic crisis in a catastrophic result for the leadership of a continent beset by economic collapse.

The effects in France were equally as momentous as those in Greece as Mr Sarkozy was ousted from the Elysée after just one term in the worst setback for the centre-Right for over 30 years.
The "silent majority" that Mr Sarkozy repeatedly swore would "submerge" his Socialist rival and all those who predicted he stood no chance, failed to speak up at the 11th hour.

"The French people have made their choice … François Hollande is the president of France and he must be respected," he said in a speech to supporters.

"I wish him good luck, it's going to be difficult."

http://www.telegraph.co.uk/news/worldnews/francois-hollande/9249744/France-elections-2012-Francois-Hollande-victory-sets-EU-on-course-for-turmoil.html
And guess what, austerity is not popular in Greece either!
Greek Vote Delivers Rejection Of Incumbents, Austerity
$this->bbcode_second_pass_quote('', 'A')THENS (Dow Jones)--Greek voters Sunday delivered a stinging rejection of the country's two incumbent parties--the Socialist, or Pasok, party and the conservative New Democracy party--and the austerity program they support, raising the specter of political instability that could ultimately challenge the country's future in the euro zone.

With the country's political landscape dramatically recast as many voters backed smaller, anti-austerity parties of the left and right, difficult talks for a multi-party coalition were set to follow the election of Greece's most fragmented Parliament since the restoration of democracy and fall of Greece's military junta in 1974.

But the prospect of a viable government emerging from these talks looked dim, raising the possibility of fresh elections before too long.

The country's two mainstream parties looked set to secure a single seat majority in the 300-seat parliament, garnering just under 33% of the vote between them, based on initial projections by the Ministry of Interior. The projection includes a 50-seat bonus awarded to the conservative New Democracy party which holds a slim lead with 19.2% of the vote and 109 seats, according to the ministry's projections.

That's a sharp drop from the combined 77% the two parties won in the last election less than three years ago.

At least seven parties, most of which reject austerity policies, were poised to clear the 3% threshold needed to enter parliament, meaning that the next Greek government will have difficulty implementing the reform program demanded by the country's European and international creditors in exchange for funding a continued bailout for Greece.

In a surprise result, Greece's Coalition of the Radical Left, or Syriza, which seeks to annul the austerity program, saw its share of the vote more than triple to 16.3% of the vote and 50 seats--making it the second largest party in parliament, the ministry projections showed.

So, seems to be that most people agree that the solution to the crisis is the printing machine? 8O Good luck with that...
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Re: Sarkozy concedes defeat to Hollande

Unread postby Sixstrings » Sun 06 May 2012, 18:23:04

$this->bbcode_second_pass_quote('Fishman', 'O')h Shaved, there will be equity in France and very soon. Every penny that can leave France will leave ASAP. The poor will be poorer, and a lot more of them too. France is toast, une tranche de pain grillé


Fishman..

France doesn't really have poor people. Nothing like the poverty we have in the US, anyway.
Last edited by Sixstrings on Sun 06 May 2012, 19:20:20, edited 1 time in total.
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Re: Sarkozy concedes defeat to Hollande

Unread postby Sixstrings » Sun 06 May 2012, 18:48:44

So what are all the evil socialist things Hollande wants to do? Anyone know some specifics?

I read a line somewhere, something about raising the top tax rate to 75%.

I wonder what their capital gains tax is? Does he want to raise that, and how much? Will Hollande crack down on banksters? Is he a real reformer?
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Re: Sarkozy concedes defeat to Hollande

Unread postby Sixstrings » Sun 06 May 2012, 18:58:23

$this->bbcode_second_pass_quote('eXpat', '[')b]In a surprise result, Greece's Coalition of the Radical Left, or Syriza, which seeks to annul the austerity program, saw its share of the vote more than triple to 16.3% of the vote and 50 seats--making it the second largest party in parliament, the ministry projections showed.
So, seems to be that most people agree that the solution to the crisis is the printing machine? 8O Good luck with that...


"Surprise" result? Only surprise to me is that it didn't happen sooner. Look at how much the Greeks have suffered. Their parliament defying the will of the people over, and over, and over. I was always amazed how that could happen in a democracy, instead of throwing molotov cocktails at police why don't they use their vote, it's a democratic republic after all, one can vote that's rule of law you don't have to riot.

So good on them, they want to annul austerity. Democracy is better than revolution.

This is how bad things are in Greece:

$this->bbcode_second_pass_quote('', '[')b]Greek Tragedy; Greek Pharmacist's Suicide Note

The occupation government of Tsolagoglou has erased essentially any possibility of my survival which was based on a decent pension which for 35 years, I alone had paid.

I am at an age which doesn’t give me the individual capacity for a dynamic intervention (without of course precluding that if one Greek took up arms-Kalashnikovs, the second person would be me) I cant find another solution from a decent end before I end up looking in the rubbish bins for food.

I believe that the young without a future, one day will take up arms and in Sindagma Sq will hang upside down the national traitors like the Italians did with Mussolini.
http://www.galtreport.com/index.php/economics/5-general/1045-greek-tragedy-greek-pharmacists-suicide-note


This is what happens when you take away workers' pensions, even the white collars, pensions these people paid into their entire working lives only to lose them when they retire and are too old to work anymore, it's not fair. It's pretty bad if even retired pharmacists are facing the prospect of eating out of dumpsters to survive, it's pretty bad when even pharmacists are talking revolution.

Good on the Greeks and their "radical left." Throw that government they have over there right out of office. The only thing worse than austerity is red-headed stepchild austerity, with Southern Europe hung out to dry while the Franco Prussians experiment on them like lab rats. This is intolerable for a union of states, in the US it would be like putting the screws to Alabama just to see what happens, austerity just for the red states but not the blue.

That's tyranny, either Europe is a union or it is not -- people must have a vote, you must have democracy, Southern Europeans can't have their central banking power taken from them and austerity forced on them from Paris and Berlin and all the Greek leaders can say is "we have no choice."

Add to that, austerity is officially a failure now. I read something about the UK, worst unemployment now since the 1930s and they're in recession again. Austerity has failed, socialists have won in France it's time to admit it. They did their experiment on Greece for years now, and it has shown the more the more austerity they do the more deflation they get, requiring ever more austerity. It's a downward spiral, and was an interesting experiment but too bad so many ordinary people like retired pharmacists had to suffer, while banksters got even richer.
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Re: Sarkozy concedes defeat to Hollande

Unread postby radon » Sun 06 May 2012, 19:41:45

Welcome to the glorified world of shock therapy.

More austerity is likely to come regardless of the political course taken, even if by other means.
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Re: Sarkozy concedes defeat to Hollande

Unread postby Fishman » Sun 06 May 2012, 20:29:07

No Six, austerity has not "failed", the Greeks and the French have just voted in a different kind of austerity, one for which they are poorly prepared. For all your years here you seemed to have missed a central point, its called PEAK OIL. The top heavy, inflexible governments of Europe turned out to LESS able to adapt to high priced oil crumbling economies. Belt tightening in nanny states have brought out the voters, "we want our nanny state back". It will not come to pass as they hope. As you wrote, its a downward spiral, but not because of this brand of austerity, its peak oil.
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Re: Sarkozy concedes defeat to Hollande

Unread postby seenmostofit » Sun 06 May 2012, 21:24:38

$this->bbcode_second_pass_quote('Fishman', 'N')o Six, austerity has not "failed", the Greeks and the French have just voted in a different kind of austerity, one for which they are poorly prepared. For all your years here you seemed to have missed a central point, its called PEAK OIL. The top heavy, inflexible governments of Europe turned out to LESS able to adapt to high priced oil crumbling economies.


?? The fuels derived from oil have always been highly priced in Europe, and certainly the price spike of 2008 was quite disturbing to everyone, but ridiculous spending habits are more Europe's problem than peak oil.
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Re: Sarkozy concedes defeat to Hollande

Unread postby Sixstrings » Mon 07 May 2012, 06:31:12

Neo nazis won some seats in the Greek elections:

$this->bbcode_second_pass_quote('', '[')img]http://l3.yimg.com/bt/api/res/1.2/kG1qMy9ZkCmcc4zjvIugcw--/YXBwaWQ9eW5ld3M7Zmk9aW5zZXQ7aD0zMjM7cT04NTt3PTUxMg--/http://media.zenfs.com/en_us/News/afp.com/photo_1336336483159-1-0.jpg[/img]

Political leader of the far-right party 'Golden Dawn', Nikolaos Michaloliakos speaks during a press conference at an hotel in Athens. Greek neo-Nazi party Golden Dawn warned rivals and reformers Sunday that "the time for fear has come" after exit polls showed them securing their entry in parliament for the first time in nearly 40 years.
http://ca.news.yahoo.com/photos/political-leader-far-party-golden-dawn-nikolaos-michaloliakos-photo-203620017.html
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Re: Sarkozy concedes defeat to Hollande

Unread postby Fishman » Mon 07 May 2012, 09:09:48

Yes Seems, their spending habits were financed by their high taxes on fuel. When fuel prices went up, the prices had to go even higher or cut into their nanny state financing.
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Re: Sarkozy concedes defeat to Hollande

Unread postby EnergyUnlimited » Mon 07 May 2012, 11:57:01

$this->bbcode_second_pass_quote('', 'S')arkozy concedes defeat to Hollande

As most of prostitutes know, tomorrow does not exist, so lets enjoy today as long as liquor in the bar last.
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Re: Sarkozy concedes defeat to Hollande

Unread postby davep » Mon 07 May 2012, 12:08:44

$this->bbcode_second_pass_quote('Fishman', 'Y')es Seems, their spending habits were financed by their high taxes on fuel. When fuel prices went up, the prices had to go even higher or cut into their nanny state financing.


There were plenty of bankers all too ready to lend them money. There is no reason why they can't default on the debt, leave the Euro and go the Icelandic way (they say the technocrats got them in the mess so why should they be held responsible). It beats decades of austerity.
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