BBC News: Reports on the tumbling Stock Markets in the US,UK and Europe.
Lets Get Real:
The reason the Markets have gone down between 1% and 3% is the fact that Francois Hollande won the 1st round of the French Presidential Election, his promise to spend if he gets elected has spooked the markets, France will become the next target of the bond market. In the Netherlands the PM and Cabinet have resigned because the Coalition Government could not agree a plan for austerity. Also European indications show that Europe is in recession. Thus folks we have seen the Governments fall in the PIIGS, now France and the Netherlands can be added. It is simple folks, the Welfare State is killing civic government in Europe.
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