Sunday, June 30, 2013

....Move on, nothing to see here....or is it ?

At least the French have a convincing politician to whom they can turn.  She also doesn't pull her punches on the unmitigated and undeniable social and cultural disaster that is mass immigration.  All we have in our political class are varying degrees of effete, self serving liars, traitors and multi-cult fetishists.
Mrs Le Pen said her first order of business on setting foot in the Elysee Palace will be to announce a referendum on EU membership, "rendez vous" one year later. "I will negotiate over the points on which there can be no compromise. If the result is inadequate, I will call for withdrawal," she said. It is no longer an implausible prospect. "We cannot be seduced," she said, brimming with confidence after her party secured 46pc of the vote in a by-election earthquake a week ago. Her candidate trounced the ruling Socialists in their own bastion of Villeneuve-sur-Lot.  "The euro ceases to exist the moment that France leaves, and that is our incredible strength. What are they going to do, send in tanks?" she told the Daily Telegraph at the Front National's headquarters, an unmarked building tucked away in the Paris suburb of Nanterre. Her office is small and workaday, almost austere. "Europe is just a great bluff. One side there is the immense power of sovereign peoples, and on the other side are a few technocrats," she said. For the first time, the Front National is running level with the two governing parties of post-War France, Socialists and Gaullistes. All are near 21pc in national polls, though the Front alone has the wind in its sails. Yet it is the detail in the Villeneuve vote that has shocked the political class. The Front scored highest in the most Socialist cantons, a sign that it may be breaking out of its Right-wing enclaves to become the mass movement of the white working class....
Asked if she intends to pull France of the euro immediately, she said: "Yes, because the euro blocks all economic decisions. France is not a country that cannot accept tutelage from Brussels," she said. Officials will be told to draw up plans for the restoration of the franc. Eurozone leaders will face a stark choice: either work with France for a "sortie concertee" or coordinated EMU break-up: or await their fate. Mrs Le Pen fears that other EMU states will resist and let "financial Armaggedon" run its course, but it is a risk that has be taken. Her plan is based on a study by economists from l'École des Hautes Études in Paris led by Professor Jacques Sapir. It concludes that France, Italy, and Spain would all benefit greatly from EMU-exit, restoring lost labour competitiveness at a stroke without years of depression. They say the eurozone's North-South imbalances have already gone beyond the point of no return. Attempts to reverse this by deflation and wage cuts must entail mass unemployment and loss of the industrial core. The current strategy of internal devaluation is self-defeating in any case, since recession causes debt ratios to climb faster. 
No mention of this Euro bombshell in: Der Spiegel, El Pais, BBC
and very little in Le Monde....Move on, nothing to see here.
There is hope, real hope, that the Euro monster will implode.
And before you call me racist, I love Europe, the culture and the people. I am a European....Please don't get me wrong. I deplore the EU and all it claims to stand for (itself)!!

3 comments:

Anonymous said...

Over the last couple of days the French Nationalist youth movement '' Generation Identitaire'' stormed and ''occupied'' the headquarters of the French Socialist Party.

http://www.youtube.com/watch?v...

This is the future of Europe, white Europeans taking great joy in humiliating and insulting the filthy doctrines of the Left.

There is something wonderful in the blond haired girl standing triumphantly atop the Socialist Headquarters while friends below cheer her on.

Anonymous said...

Over the last couple of days the French Nationalist youth movement '' Generation Identitaire'' stormed and ''occupied'' the headquarters of the French Socialist Party.

http://www.youtube.com/watch?v...

This is the future of Europe, white Europeans taking great joy in humiliating and insulting the filthy doctrines of the Left.

There is something wonderful in the blond haired girl standing triumphantly atop the Socialist Headquarters while friends below cheer her on.

Anonymous said...

S&P said on Friday that the "exchange materially changes the terms of the affected debt and constitutes what we consider a distressed exchange".

"We view the extension of maturities without what we find to be adequate offsetting compensation as the exchange of new debt on less favourable terms to the existing debt."

Earlier this year, Cyprus secured a loan package worth 10bn euros from its EU partners and the International Monetary Fund. This included a tax on large deposits and thorough banking reform, which will raise 13bn euros.

An early proposal to raise money through a levy on all Cypriot bank deposits - including those below 100,000 euros - caused panic in financial markets and was quickly withdrawn.

Cyprus's rescue followed bailouts of Greece - twice - as well as Ireland, Portugal and Spain's banks.

After the bond swap, due on Monday, S&P said its debt rating was expected to rise back to CCC+. That still means the country's debt is considered speculative and "currently vulnerable and dependent on favourable business, financial and economic conditions to meet financial commitments".

But it added that the "government will still need to deal with" with 950m euros worth of short-term debt that is due soon.

That is the equivalent of 5% of the country's whole economy.