Keyword: hollande

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  • France, Greece and Germany election results send austerity shockwaves through Europe

    05/06/2012 8:30:13 PM PDT · by bruinbirdman · 60 replies
    The Telegraph ^ | 5/6/2012 | Bruno Waterfield, Devorah Lauter in Paris
    The stunning victory of the French Socialists and wipe-out of mainstream parties in Greece sent shock waves on Sunday night crashing throughout the continent of Europe. Supporters of Socialist Francois Hollande celebrate in Paris François Hollande's election threws down the gauntlet to Angela Merkel, the German Chancellor, who has railroaded the eurozone into agreeing a new "fiskalpakt" treaty enshrining Germany's austerity doctrine. The economic doctrine of austerity, to cut the burden of state spending to free up the economy, has ruled supreme with the support all of Europe's leaders, the European Union and financial markets. But political leaders were on...
  • Au revoir, austerity! New Euro crisis as French vote for return to ruinous spending

    05/06/2012 6:36:35 PM PDT · by Third Person · 77 replies
    The Daily Mail UK ^ | May 6th, 2012 | Peter Allen, Tim Shipman, and Rob Davies
    Europe was plunged into fresh economic chaos last night as France rejected austerity and elected a tax-and-spend socialist president. Nicolas Sarkozy suffered a humiliating defeat at the hands of Francois Hollande, who ran on a platform of tearing up last December’s controversial deal to save the euro from oblivion. The inexperienced Mr Hollande is now seeking talks with the European Central Bank and German Chancellor Angela Merkel to demand further borrowing to boost growth. Read more: http://www.dailymail.co.uk/news/article-2140427/Francois-Hollande-victory-French-presidential-election-spell-disaster-Euro.html#ixzz1u8xkQvsA
  • France May Have Elected François Hollande, But She Really Needs A Napoleon Bonaparte

    05/06/2012 1:41:35 PM PDT · by Steelfish · 32 replies
    Telegraph(UK) ^ | May 06, 2012 | Tim Stanley
    France May Have Elected François Hollande, But She Really Needs A Napoleon Bonaparte By Tim Stanley May 6th, 2012 Hollande is the latest in a long line of French politicians to exploit the mob. It looks like Socialist François Hollande has won the French presidency. His platform: raise taxes on business to fund a lower retirement age and more spending. Things don’t look good for poor old France. Either Hollande will stick to his promises and ruin the economy or he’ll U-turn and reveal himself to be a reckless opportunist. Whether he's a fool or a knave, this election cycle...
  • EU: Markets braced for shift away from austerity as Francois Hollande wins French election

    05/06/2012 4:54:11 PM PDT · by bruinbirdman · 44 replies
    The Telegraph ^ | 5/6/2012 | Roland Gribben
    Financial markets are braced for a radical shift in economic policy and fresh question marks over a eurozone break-up, as Francois Hollande moves into the Elysee Palace on Monday as the first Socialist president of France for 30 years. Mr Hollande's 'farewell to austerity' programme combines taxing the rich, raising public spending and lowering the retirement age. A confrontation between the new president and Angela Merkel, Germany's chancellor, is also high on the markets' worry list. However leading economists believe Mr Hollande will attempt a damage limitation exercise to avoid increasing turmoil in a eurozone facing further upheavals, with result...
  • What Sarkozy Loss Really Means for America

    05/06/2012 5:29:38 PM PDT · by Kaslin · 49 replies
    Breitbart.com ^ | May 6, 2012 | Joel B. Pollak
    The mainstream media will attempt to spin French President Nicholas Sarkozy's loss today to Socialist challenger François Hollande as a rejection of "austerity" policies--and to urge American voters to reject the deficit-cutting politics of the Tea Party when we go to the polls in November. In fact, there are important lessons from France--and they are the precise opposite of what the media is telling us. First, to call Sarkozy's policies "austerity" is to insult both austerity and socialism. The French government--like other European governments--sought to close its budget gap primarily by raising taxes, not by cutting the size and cost...
  • Francois Hollande has ten weeks to avert a French bond crisis

    05/06/2012 3:22:54 PM PDT · by DeaconBenjamin · 10 replies
    Telegraph (UK) ^ | 8:02PM BST 06 May 2012 | Ambrose Evans-Pritchard
    Fears of a Leftist lurch have been in the price for weeks. The CAC-40 index of French stocks has underperformed Germany’s DAX by 20pc since last August, an ominous divergence for two countries yoked so tightly together. The yield spread of German 10-year Bunds over French OAT bonds has jumped 90 basis points. It reflects a gut feeling in global markets that France is sliding into deep trouble, clinging to a ruinously expensive social model in a Teutonic monetary union and a Chinese trading world. French economists say the moment of danger will come later this summer - whoever is...
  • French Elect Socialist President and Click Ruby Heels Saying “There is No Place Like Greece”

    05/06/2012 2:22:06 PM PDT · by whitedog57 · 25 replies
    Confounded Interest ^ | 05/06/2012 | Anthony B. Sanders
    Francois Hollande defeated French President Nicolas Sarkozy as voters handed control of the second-biggest European economy to the Socialists for the first time in 17 years. Socialist Hollande’s simple solutions include: =Taxes *Impose a tax on financial transactions. *Impose a 75 percent income tax on earnings above 1 million euros ($1.32 million) and raise the rate to 45 percent for the income bracket between 150,000 euros and 1 million euros per year. *Repeal 29 billion euros of tax breaks over the next five years. *Increase total tax level to 46.9 percent in 2017 from 45.1 percent in 2012 (payroll and...
  • Obama calls new French President-elect Hollande

    05/06/2012 4:16:56 PM PDT · by Free ThinkerNY · 34 replies
    Associated Press ^ | May 6, 2012
    WASHINGTON (AP) -- President Barack Obama has called France's new president-elect to congratulate him on winning Sunday's election. The White House says Obama told Hollande that he looks forward to working with him on a range of shared economic and security challenges.
  • Obama invites Hollande to White House

    05/06/2012 5:45:18 PM PDT · by Free ThinkerNY · 58 replies
    AFP ^ | May 6, 2012
    President Barack Obama invited French president-elect Francois Hollande to the White House later this month, expressing hope the pair would work "closely," a spokesman said Sunday. In a telephone call to congratulate Hollande on his election victory, Obama "indicated that he looks forward to working closely with Mr Hollande and his government on a range of shared economic and security challenges," White House spokesman Jay Carney said in a statement. Obama and Hollande "each reaffirmed the important and enduring alliance between the people of the United States and France," the statement read.
  • Valérie Trierweiler may revolutionise role of France's first lady

    05/06/2012 12:32:35 PM PDT · by Perdogg · 29 replies
    If François Hollande has styled himself as Mr Normal – recently photographed buying fruit compote in a Paris supermarket and saying he would continue to do so after he's elected "if the fridge is empty" – his partner, Valérie Trierweiler, could revolutionise the unofficial role of France's first lady. If, as she has promised, the 46-year-old journalist keeps her contract for the magazine Paris Match and continues to work, it would be the first time a president's partner has held down a regular job and salary. Her role as a journalist would make this juggling act even more tricky. For...
  • Socialist Francois Hollande 'wins French presidency'

    05/06/2012 11:09:34 AM PDT · by nuconvert · 68 replies
    Socialist Francois Hollande has been elected as France's new president, early estimates say. He got about 52% of votes in Sunday's run-off, according to projections based on partial results, against 48% for centre-right incumbent Nicolas Sarkozy. Mr Hollande would be the first French socialist president since 1995.
  • France chooses a new president during tough times (Socialist Francois Hollande?)

    05/06/2012 9:00:37 AM PDT · by Libloather · 23 replies
    Yahoo ^ | 5/06/12 | GREG KELLER
    France chooses a new president during tough timesBy GREG KELLER | Associated Press – 4 mins 30 secs ago PARIS (AP) — France voted in a presidential run-off election on Sunday that could see Socialist challenger Francois Hollande defeat incumbent Nicolas Sarkozy by capitalizing on public anger over the government's austerity policies. The election outcome will impact efforts to fight France's debt crisis, how long the nation's troops stay in Afghanistan and how France exercises its military and diplomatic muscle around the world. Hollande voted in his electoral fief of Tulle, in central France. Live television coverage showed the 57-year-old...
  • FRENCH ELECTION: First results: Holland gave winner with 53% of votes

    05/06/2012 9:27:17 AM PDT · by tcrlaf · 46 replies
    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...
  • Exit polls show Sarkozy has lost in France

    05/06/2012 10:00:27 AM PDT · by Cincinna · 95 replies
    Kansas City Star ^ | May 6 2012 | FREDERIC CASTEL AND ROY GUTMAN
    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 results of exit polls cannot be published in France until voting ends at 8 p.m., 2 p.m. Eastern _ but the outcome seemed all but certain.
  • French Socialists’ joy of election victory will be shortlived (Great Analysis)

    05/05/2012 11:43:45 AM PDT · by mojito · 21 replies
    The Telegraph ^ | 5/4/2012 | Ben Brogan
    ....Nervousness about what the future holds has reached deep into Mr Sarkozy’s inner circle, too. One of his small group of close friends who gather around the president for late-night drinks most weeks put it in the starkest terms for me: “Economically, I want him to win because Hollande will be a disaster for France. But for the sake of social stability, it is better if Sarkozy loses.” He recognised that the president has been a divisive figure, and that after a decade in power for the Right the public is angry and has had enough. To hear one of...
  • France’s Turn for the Worse... Europe’s far right has already won

    05/05/2012 8:51:03 AM PDT · by darrellmaurina · 29 replies
    Slate ^ | 5/4/2012 | Yascha Mounk
    On Sunday, by almost every indication, François Hollande, who has been leading in the polls for months, will defeat Nicolas Sarkozy and become France’s next president. Hollande’s Socialist Party, which hasn’t ousted an incumbent president in over three decades, has every reason to celebrate. But the true winner of this election isn’t France’s left; it’s Europe’s far right. The reason is simple. In this election, France’s establishment has embraced Islamophobic ideas to an unprecedented degree. Right-wing populism, once a fringe phenomenon, has been conquering the bastions of Europe’s political mainstream with frightening speed; even so, most observers failed to predict...
  • Why French socialists love Barack Obama

    04/24/2012 11:25:44 PM PDT · by Olog-hai · 9 replies
    Daily Telegraph (UK) ^ | April 24th, 2012 | Nile Gardiner
    I’ve often described Barack Obama as a European-style politician. He has the kind of big government mindset that would fit comfortably in Brussels or Paris. If he had been born in Provence instead of Hawaii, I’m sure he would have gravitated to the Elysée Palace or challenged Herman Van Rompuy for the presidency of the European Council. He has been the most Eurofederalist of American presidents, actively backing the European Project—to the extent that his vice president, Joe Biden, even declared Brussels to be “the capital of the free world”.It is not hard to see why François Hollande, the Socialist...
  • France's Sarkozy, Hollande Face Off Week Before Vote

    04/15/2012 7:45:08 AM PDT · by nuconvert · 6 replies
    French presidential rivals Nicolas Sarkozy and Francois Hollande stage competing rallies in Paris on Sunday in a last-ditch bid for votes a week before elections that could propel the left into power after 17 years of conservative leaders. A rash of opinion polls suggests conservative incumbent Sarkozy's re-election hopes may be crumbling as a recent spurt in support evaporates. Latest voter surveys show Hollande regaining momentum for the first round and winning a May 6 runoff by between 9 and 14 percentage points. The open-air contest, a week before the first of two election rounds on April 22, comes as...
  • The Soft Middle of François Hollande

    04/14/2012 8:24:41 PM PDT · by Cincinna · 12 replies
    The New York Times ^ | March 14 2012 | STEVEN ERLANGER
    Even after a precampaign diet last year — less wine, less cheese and especially less chocolate — François Hollande, the Socialist who is currently favored to become the next president of France, still has a soft face and looks slightly sloppy in his medium-gray suits. He used to be referred to as “Flanby,” after a brand of wobbly caramel pudding, just one of a string of insulting nicknames for a convivial man considered always at the second rank of politics. He has been called “a living marshmallow” and “Mr. Little Jokes,” and just last year, Martine Aubry, the head of...
  • Hollande hits back at Sarkozy on security FRENCH ELECTION

    03/25/2012 6:05:57 PM PDT · by Cincinna · 3 replies · 5+ views
    Financial Times UK ^ | March 25, 2012   | Hugh Carnegy in Bastia, Corsica
      François Hollande has accused President Nicolas Sarkozy of failing to live up to law-and-order promises, in a bid to regain the initiative after the terrorist drama in Toulouse last week.   The run-up to the first round of voting in the French presidential election on April 22 is set to prove a gruelling test for the opposition Socialist candidate, whose long-standing lead in the opinion polls is under pressure from both Mr Sarkozy and Jean-Luc Mélenchon, the candidate of the hardline Left Front.  In a sign of the increasingly bitter tone of the campaign, Mr Sarkozy was quoted as calling Mr...