Posted on 05/06/2012 9:27:17 AM PDT by tcrlaf
MINUTE BY MINUTE
6:01 p.m. From our special correspondent in Paris, since the room Mutuality (where Sarkozy is speaking): "A diplomatic source, it is our responsibility that the UMP has canceled the planned public gathering tonight Place de la Concorde".
5:30 p.m. The first results indicating a victory of Nicolas Sarkozy, François Hollande, by 53% against 47%, were confirmed in "Evening" this Sunday at 5:30 p.m. by an informed source close to the Rue de Solferino, the Paris headquarters of the French Socialist Party.
5:06 p.m. According to the French Ministry of the Interior, the turnout would reach 71.96% stake to 17.00. It was 75.11 in 2007.
16h45: New indications supplied by pollsters based on surveys conducted during the day. Harris Interactive poll: 53% Netherlands - 47% Sarkozy Sofres poll: 53% Netherlands - 47% Sarkozy Opinion Way poll: Netherlands 52.5% - 47.5% Sarkozy
(Excerpt) Read more at translate.google.com ...
Exit polls show Sarkozy has lost in France; Greek voters also turn on leaders
http://www.miamiherald.com/2012/05/06/2786366/exit-polls-show-sarkozy-has-lost.html
“French Socialist Francois Hollande appeared headed to victory over President Nicolas Sarkozy, according to exit polls of voters released by Swiss and Belgian news media.
Those polls showed Hollande with 52 to 53 percent of the vote in an election that turned on solutions for Europe’s economic crisis amid record unemployment in France.
French voters were still headed to cast their ballots when the exit polls were released in the early evening - the French polls close at 8 p.m. local time, 2 p.m. Eastern - but the outcome seemed all but certain. “
The return of socialism... People never learn.
LOL at the Google translator changing “Hollande” to “Netherlands.”
Wonder if that company in Spain counted the votes?
The very socialist Hollande ("Netherlands", (sic)) is, barring some late shock or fraud, going to win by about 53% of the vote.
Early results from Greece appear to show that the so-called New Democrats ("moderate" socialists) will poll about 19%, with the hard-left Syrizia party having about 18% and the fully socialist PASOK party with about 15.5%. Such a result would probably guarantee NO EFFECTIVE COALITION government, and a stone-cold Greek default. There is a foreign-law bond payment due in a week's time, and these bondholders DID NOT join the bailout coalition and thus WILL demand payment. And Greece has no way to pay it, therefore some flavour of lawsuit will eventuate.
Go long NKK (Norwegian Kronor) and short Euro tonight, most likely....but not just yet. Wait for more results; by 6-7pm US time, the results should be clear...but it may well be the case that Greece's counting will go on all night.
France has its own smoldering debt problem due to too much "social spending" and if they don't get a handle on it relatively quickly, the're going to join the PIIGS (Portugal, Italy, Ireland, Greece, Spain.)
piigs...that is funny..and true!
Its a one way valve - the state and its clients will always get their way until it becomes physically impossible for them to do so. As it will one day soon.
I see red in my future...
Granted that this is devastatingly bad for France, why is it bad news for the US? Is this at all positive for Obama?
This will solve all their problems.
Europe is too far down the road where an election will make a big difference. A lot of tough times ahead that can’t be avoided.
“why is it bad news for the US?”
Because the ONLY way to keep Europe, and it’s banks, afloat in the coming months is for the EU and Fed to print, print, print.
QE-to-Infinity coming as soon as the shock waves hit the US markets, and the inflation that comes with it.
Just watch how this all unfolds.
If the socialist wins and puts Europe in the tank so they can't enact austerity measures, their economy crumbles and they can't buy our goods.
There are other reasons too.
Imagine the Tea Party, led by Sarah Palin, as the opposition to the socialists under Obama.
(Why doesn't the U.S. select it's Presidential candidates years in advance — so they can stand by as the official spokesperson for their respective parties?)
It will ring positive to the lowest common denominator, OBAMA, and his message that government is the best provider. How could Europe be wrong???
This election in Europe isn’t going to take long to clearly depict the calamity that is going to happen when the money isn’t there to continue the entitlements, pay the bond debt, and raise taxes through the roof. The problem is the people recieving the payouts from gov. don’t give a damn. Just keep giving me.
The French reject a flawed politician who at least had the goal of setting responsible spending limits for an all out socialist named Hollande.
Idiots.
piigs...that is funny..and true!
Kiss the stock market goodbye Monday. It’s going to plunge.
I dunno, but if you have money to invest the US looks like a much better bet than Europe. At least in the short term anyway. Elections like this just prove Europeans don't really want to curtail their social welfare states. This will cause a lot of jitters among investors and likely exacerbate the European debt crisis. Not that we are much better when it comes to debt, spending and dependence, but it appears we can still kick the can down the road awhile longer.
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