WSJ called it 15 minutes ago: 52% for Hollande, 48% for Sarkozy.
Sarkozy's last minute pandering to the far right sealed his fate.
Romney better take that as a lesson.
I wonder how the outcome of this election will effect the financial market around the world.
It will have a major impact on global affairs not in years to come, but months to come. Also French people are probably the most selfish people of the modern western world, and your right, they always start shit and let others clean up their mess.Not too confident that is the only or even primary reason for Sarkozy's demise. He appealed to the far right because he knew he was going to lose without taking additional measures, not the other way around.
The election's results could have a major impact on global affairs in the years to come. Europe is facing immense challenges. They've started two world wars over less daunting circumstances.
Let's look at the data instead.Most analysts I read think Sarkosy losing is already factored in market conditions
Let's look at the data instead.
Hate to point this out, NY Times doesn't know s..t...... They're probably loving the result of the election because everyone on their staff are socialist/communist.NY Times editorial http://www.nytimes.com/2012/05/07/opinion/the-american-in-paris.html?ref=europe&pagewanted=print
Mr. Sarkozy could not have been more different. He occupied the throne as a man of flesh, neither celestial nor sovereign. He had earthly desires and prejudices, and often seemed blind to how they’d be perceived. He held a lavish dinner on the night he was first elected. He took a vacation on a wealthy supporter’s yacht. Soon after he divorced his wife he dashed toward celebrity, marrying a supermodel after taking her on a date to Disneyland Paris.
If you have a hard time picturing a French president wearing mouse ears, imagine France’s reaction. The French like their presidents fatherly, even grandfatherly. In Mr. Sarkozy’s case, there simply was too much skin — pictures of the president sunbathing next to his bikini babe, or wearing running shorts on the palace steps after a jog.
Nor did he seem to hold much esteem for the masses. Only two weeks ago, a video surfaced online of Mr. Sarkozy, pressing flesh in Paris’s Place de la Concorde, discreetly slipping off his $70,000 watch, as if he feared a supporter might steal it while shaking hands.
Hate to point this out, NY Times doesn't know s..t...... They're probably loving the result of the election because everyone on their staff are socialist/communist.
I think Europe is learning what we(most of us) already know.
Austerity during a recession makes it worse.
But Angela M. has a point; "Growth via more debt can lead back to where the collapse started." Somewhere along the way the debt needs to be reduced and the governments, in all countries, don't seem to be able to do a very good job of spending to create growth. I think you're right, I just don't have much faith in governments ability to spend efficiently and effectively.
But Angela M. has a point; "Growth via more debt can lead back to where the collapse started."
I heard on NPR yesterday that the new pres of France wants to tax all earnings above $1M euros at 75% and apparently has overwhelming support. The news story said this only affects approximately 3000 people. There are only 3000 millionaires in France?? I was surprised by that.
I think your analogy needs tweeking. You can be a millionaire without making a million per year. So there are assuredly more than 3000 millionaires in France, but possibly only 3000 that make that much each year.
I heard on NPR yesterday that the new pres of France wants to tax all earnings above $1M euros at 75% and apparently has overwhelming support. The news story said this only affects approximately 3000 people. There are only 3000 millionaires in France?? I was surprised by that.