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Tink
07-05-2012, 02:45 AM
loses.

Are you surprised? Relieved? Pleased?

What are your thoughts on a socialist leader for France?

uscwest
07-05-2012, 10:31 AM
The thing, I think, that worries me the most is what is this going to do to the world markets? It amazes me that the French would choose someone who wants to raise BOTH taxes and spending.

keith
07-05-2012, 10:42 AM
Well I'm extremely glad he's not in the UK!

As John says, this is French people saying we don't want to cut our borrowing, we've had enough of struggling, we want to spend our way out of the problem. Anyone who thinks about that for a moment or two must realise that it won't work. All that's going to happen is they'll borrow more and more to try and stimulate growth and be overtaken by the debt and the interest.

Now, you'd think that if they plowed the spending into private industry, new businesses and encourage people to set up companies that may make more jobs and turn things around. Problem is, this guy is a socialist so he's all for upping taxes (75%) and penalising people who try and take rewards out of their companies. So where's the incentive for people to risk setting up a new company?

He won't gel well with the UK government but then, yah know, England and France... no change there.

Overall I think he'll be a disaster and it's a classic case of people not understanding that these economies really are in a mess and things are gonna have to be paid back NOW before we see banks collapse, life savings disappear overnight and proper riots. Greece is the same, sorry it's a hard message but it is what it is and spending more money they don't have is not going to make things better.

Britchick
07-05-2012, 12:13 PM
All I want to know is.. Is now a good time to sell my euros of should I wait? Lol

Dawn
07-05-2012, 05:21 PM
I didn't even know France had an election. :unsure:

Britchick
07-05-2012, 05:39 PM
aren't the French quite 'Socialist' anyway?

josh.p.
07-05-2012, 10:00 PM
I do fear that a similar sort of 'just spend and don't cut anything out of the budget... that will fix things' attitude will hit the UK if Labour get back in power. Troubling times for sure.. the French love a riot and quite frankly when their banks start collapsing they will be all over it. (That sounds very morbid but it wouldn't shock me either.)

keith
07-05-2012, 10:04 PM
I do fear that a similar sort of 'just spend and don't cut anything out of the budget... that will fix things' attitude will hit the UK if Labour get back in power. Troubling times for sure.. the French love a riot and quite frankly when their banks start collapsing they will be all over it. (That sounds very morbid but it wouldn't shock me either.)

absolutely right :( the problem now is that because of the euro, if France bankrupts itself, it's not "just" them. They along with Germany are the mainstays of the Euro and if either of them go, the whole Eurozone will surely follow and at THAT stage, I just don't know what would happen.

Scary times for sure

josh.p.
07-05-2012, 10:07 PM
absolutely right :( the problem now is that because of the euro, if France bankrupts itself, it's not "just" them. They along with Germany are the mainstays of the Euro and if either of them go, the whole Eurozone will surely follow and at THAT stage, I just don't know what would happen.

Scary times for sure

I'm just glad that Cameron wouldn't let Britain invest in the bailout funds for the Eurozone. Considering the stick he gets I do think he has made some great decisions.

keith
07-05-2012, 10:11 PM
I'm just glad that Cameron wouldn't let Britain invest in the bailout funds for the Eurozone. Considering the stick he gets I do think he has made some great decisions.

Exactly. We don't have to love him, I think he's slimy, but I do think that he's taken the right economic decisions, hard though they continue to be, in difficult circumstances.

It helps that he has a country of apathetic moaners though :lol: we'll all moan to each other at the pub whereas in France/Greece they're rioting.

The scary bit would be if we get a labour government before we've got far enough through paying off the debts.

Tink
07-05-2012, 10:38 PM
I'm not sure how it will all play out. I feel I understand the French "psyche" a bit, not sure if I'm right on the mark, however.

Greece got my attention, and so does Germany with their hardline stance. Can't say as I blame them in some respects, but something has to come together for all of them, Italy, France... all of them.

The French are not afraid to rebel. I think they've made that quite clear. If Europe falls economically, then we are in global trouble. Ireland is in a huge downturn... they should never have given up the punt, should they?

I don't pretend to be an economist at all, but the entire shifting sand feel to the global economy is pretty frightening as far as I'm concerned.

Wendy
08-05-2012, 08:15 AM
The scary bit would be if we get a labour government before we've got far enough through paying off the debts.

:yes: but that's the sad thing, the Conservatives always have to sort out the mess that Labour has made and just as the country starts to pick itself up Labour get back in :sigh: :rolleyes2: and so the circle begins again.

All Labour did was create jobs that weren't sustaniable in the Civil Service, got the country further and further into debt and sold off our gold for the lowest possible price :nono:

I don't think there should ever have been a single currency, Germany and France wanted to rule Europe which is why they pushed so hard and other countries followed. I can't understand how they didn't realise that the poorer countries would become a strain on the currency :unsure:

I'm with Josh, Cameron was right not to agree to invest in the bailout fund. I'm fed up with him a bit though, it seems as most of the Lib Dems policies are getting through but the Conservatives are being put on the back burner :(

If it was up to me, I'd be getting the country out of Europe completely, I know it would cause huge financial problems, I think it's the best way forward for the UK and we would survive.

Slowhand
08-05-2012, 03:43 PM
If it was up to me, I'd be getting the country out of Europe completely, I know it would cause huge financial problems, I think it's the best way forward for the UK and we would survive.

Hmmm, I`m really torn on this. :unsure:
Having being involved in exporting for many years, I do know that Europe is a big market for us and so it`s best to be part of it.
On the other hand, I absolutely hate all of the silly EU rules that we have to abide by, together with the subsidies we pay, and the various bail outs etc.etc.
I guess I really want the best of both worlds!

keith
08-05-2012, 03:52 PM
The thing is, we could still trade with Europe. After all, Europe trades with people outside the EU like the states

We wouldnt have the automatic in-theory "no trade barriers" to EU members benefit that we have now but then again, how much do we REALLY have that now? I'm pretty sure that although various EU countries may let our goods in freely, they're still busy giving sneaky benefits to their own internal industries thereby helping them compete unfairly with our exports anyway.

It's not easy but I tend to think we put up with more from the EU at the moment than we get in benefit and if we have to start bailing them out...

josh.p.
08-05-2012, 11:03 PM
Hmmm, I`m really torn on this. :unsure:
Having being involved in exporting for many years, I do know that Europe is a big market for us and so it`s best to be part of it.
On the other hand, I absolutely hate all of the silly EU rules that we have to abide by, together with the subsidies we pay, and the various bail outs etc.etc.
I guess I really want the best of both worlds!
I'm sure though, that the current rules of supposed 'free trade' between EU countries (Which, as Keith says isn't really free trade anyway) would pretty much continue without us being a part of the EU. They'd be cutting their nose off to spite their face almost.

Wendy
09-05-2012, 08:45 AM
I really do think coming out is the only way this country will get itself back on track - I know it's supposed to be the UK now, but it would be nice to put the Great back in Britain :yes: and whilst we are being dictated to by Europe, we are giving away more and more of our rights and traditions as well as our money :shrug: