[eXpat]

$this->bbcode_second_pass_quote('Sixstrings', 'S')o 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?

[Plantagenet]

$this->bbcode_second_pass_quote(' ', '
')Hollande wants France's ageing population to retire early. He wants France's farmers comfortably subsidized - not to mention its cows, whose standard of living is better than 2 billion people on the planet....

How to pay for all this - when all the money has been sucked up into the bulging pockets of the 0.1%?

[Cog]

Time to print money.

Let the games begin.

[Fishman]

"It beats decades of austerity." No, no, no. It will create decades of austerity as NO ONE will lend them any money. Their choices are fiscal austerity (which they rejected) or monetary austerity as they monetize their debt. Unicorns did not start pooping Euros or even Francs yesterday.

[Sixstrings]

$this->bbcode_second_pass_quote('eXpat', 'A')nd especially savory to the emerging powerhouses, he is in favor of the end of the US dollar as the world's reserve currency - to be replaced by a basket of currencies. Now the BRICS may have a strategic ally right at the heart of the EU in terms of trying to modernize the global financial system.

[Sixstrings]

$this->bbcode_second_pass_quote('', '[')b]New French leader fires a broadside at Britain: You only care about the City, says Hollande

New French president Francois Hollande launched an outspoken attack last night on Britain’s obsession with protecting the City of London from Brussels-inspired legislation.

As David Cameron warned that the single currency is in ‘extreme trouble’, the socialist victor suggested that Britain is ‘indifferent to the fate of the euro area’ and ‘attentive only to the interests of the City’.

This is despite the fact that billions of pounds of UK taxpayers’ money is already being used to prop up the basket-case currency.

...

Mr Hollande made clear he resents Britain remaining outside the single currency because the Bank of England – unlike the European Central Bank – has been able to print money to keep the economy afloat.

He said: ‘In addition to relative indifference to the fate of the euro area, Britain is more protected because of speculation the central bank may intervene directly to finance the debt.’

...

‘The British have been particularly shy about the issues of financial regulation, and attentive only to the interests of the City – hence their reluctance to see the introduction of a tax on financial transactions and tax harmonisation in Europe.’
http://www.dailymail.co.uk/news/article-2141040/TNew-French-leader-fires-broadside-Britain-You-care-city-says-Hollande.html

[AdTheNad]

$this->bbcode_second_pass_quote('Fishman', '&')quot;It beats decades of austerity." No, no, no. It will create decades of austerity as NO ONE will lend them any money. Their choices are fiscal austerity (which they rejected) or monetary austerity as they monetize their debt. Unicorns did not start pooping Euros or even Francs yesterday.

[Serial_Worrier]

Define austerity. Some define it as loss of private sector jobs. Others define it as lessening welfare programs. Others define it as lack of infrastructure spending. How can we debate something we can't agree on the definition.

[davep]

http://www.guardian.co.uk/business/2012/may/08/austerity-second-biggest-google-search

$this->bbcode_second_pass_quote('', 'B')ritain and Europe know all about the meaning of austerity, but the word is baffling our American cousins, who have been turning to Google for illumination...