Sunday, May 06, 2012

French Election and the Eurozone Crisis

BBC News: Reports on the 2nd round of the French Presidential Election.

Lets Get Real:

If Francois Hollande the left wing candidate wins today folks expect EU stock markets to tumble when they open tomorrow, also French bond yields will start to raise. The left in EU politics seem as a whole to have taken LSD, they see what they want to see, the French people think it matters what they want, someone has to tell them it does not, if Hollande starts to tax and spend to keep his Campaign promises expect the Markets to make France pay. Also the German Government has made it clear that the new EU Treaty is not up for a new draft. Thus if Hollande is elected will he break the EU Treaty, if that happens the Treaty will be rejected by the rest of Europe. Then the EU/IMF bailout will not be enough to save the EU. The French voters might be pushing their beloved EU over a cliff, that would be ironic, and lets be honest, the French and Germans will be at each other throats.

No comments: