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Thread: Sarkozy...

  1. #1
    Administrator Tink's Avatar
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    loses.

    Are you surprised? Relieved? Pleased?

    What are your thoughts on a socialist leader for France?






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    Senior Member uscwest's Avatar
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    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.





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    Administrator keith's Avatar
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    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.
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    All I want to know is.. Is now a good time to sell my euros of should I wait? Lol















  5. #5
    Moderator Dawn's Avatar
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    I didn't even know France had an election.

  6. #6
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    aren't the French quite 'Socialist' anyway?















  7. #7
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    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.)
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    Administrator keith's Avatar
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    Quote Originally Posted by josh.p., post: 279011
    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
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  9. #9
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    Quote Originally Posted by Keith, post: 279012
    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.
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  10. #10
    Administrator keith's Avatar
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    Quote Originally Posted by josh.p., post: 279013
    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 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.
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