Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘France’

“Zombie” Apocalypse in the West?

Posted by hkarner - 24. Januar 2017

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Marine Le Pen Centers Presidential Run on Getting France Out of Eurozone

Posted by hkarner - 19. Januar 2017

Date: 18-01-2017
Source: The Wall Street Journal

National Front candidate takes a more cautious approach to dropping euro than in 2012 campaign

Le PenPARIS—National Front leader Marine Le Pen is seeking to turn May’s presidential election into a referendum on the European Union by detailing a strategy to pull France from the bloc and its single currency if she wins.

She last ran in 2012 with an initial promise of a sharp and sudden break from the euro, but this time Ms. Le Pen has sought broader support from a splintered French electorate. She says she would organize an orderly exit rather than crashing out with unpredictable consequences. If elected, she and top National Front officials say, her administration will spend its first six months negotiating the creation, along with other disappointed euro nations, of a basket of shadow European currencies. A newly reinstated franc, she says, would eventually be pegged to that basket, replacing the euro.

Ms. Le Pen says other countries struggling to meet European rules would be willing to enter into talks on pulling the EU apart. The threat of having to leave the euro, she says, has been used to blackmail Greece and other Southern European countries into implementing austerity programs their people reject. Den Rest des Beitrags lesen »

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Can the EU Survive Populism?

Posted by hkarner - 4. Januar 2017

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Can Fillon Beat Le Pen?

Posted by hkarner - 1. Dezember 2016

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Francois Fillon: Putin-Freund und Euro-Gegner könnte Präsident in Frankreich werden

Posted by hkarner - 27. November 2016

Deutsche Wirtschafts Nachrichten  | 

Die Kandidatur von Francois Fillon in Frankreich käme einem politischen Erdbeben gleich: Fillon vertritt in fast allen Positionen das genaue Gegenteil dessen, was Angela Merkel will.

fillon-ccFrancois Fillon – ein Gegenentwurf zu Angela Merkel?


Berlin, 21. Nov (Reuters) – François Fillon hat im Berliner Kanzleramt bereits Spuren hinterlassen: Im Jahr 2007 brachte er Angela Merkel bei seinem Antrittsbesuch als Premierminister eine frühe Ausgabe von „Radioactivité“ mit – ein Buch der französischen Physikerin Marie Curie, die ein Vorbild der Kanzlerin ist. Das Gastgeschenk ist ein Zeichen für die deutsch-französische Freundschaft und wird sogar in einer Vitrine gezeigt.

Der Konservative Fillon hat gute Chancen, im kommenden Jahr dem Sozialisten François Hollande als Präsident zu folgen. Gerade mit seinen wirtschaftspolitischen Vorstellungen könnte er ein Verbündeter Merkels werden. Doch auf anderen Gebieten – von Russland, der Türkei über die Flüchtlingspolitik bis zur europäischen Integration – drohen Konflikte.

Mehr als ein halbes Jahrhundert waren Deutschland und Frankreich die Motoren der europäischen Integration. Viele setzen auf diese Achse, um die EU nach dem überraschenden Brexit-Votum aus der Sinnkrise zu führen. Über Monate hieß es in Merkels Umfeld, dass Fillons Rivale Alain Juppé dafür der beste Kandidat wäre. Denn er ist wie Merkel überzeugter Europäer. Bei Themen wie der Einwanderungspolitik schlägt er gemäßigte Töne an. Und seine Haltung gegenüber Russland ist der von Merkel ähnlich. Den Rest des Beitrags lesen »

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Europe’s single currency: France v Germany

Posted by hkarner - 29. Oktober 2016

Date: 27-10-2016
Source: The Economist

The founders of the euro have fundamentally different ideas about how the single currency should be managed

euro-bookThe Euro and the Battle of Ideas. By Markus Brunnermeier, Harold James and Jean-Pierre Landau. Princeton University Press; 440 pages; $35 and £24.95.

THE euro crisis that first blew up in late 2009 has revealed deep flaws in the single currency’s design. Yet in part because it began with the bail-out of Greece, many politicians, especially German ones, think the main culprits were not these design flaws but fiscal profligacy and excessive public debt. That meant the only cure was fiscal austerity. In fact, that has often needlessly prolonged the pain. Later bail-outs of countries like Ireland and Spain showed that excessive private debt, property bubbles and over-exuberant banks can cause even bigger problems for financial stability.

That is one early conclusion of “The Euro and the Battle of Ideas”, by three academics from Germany, Britain and France. They describe thoroughly the watershed moments of the crisis, how power shifted to national governments (especially in Berlin) and the roles played by the IMF and the European Central Bank (ECB). They blame euro-zone governments for failing to sort out troubled banks more quickly, for not realising that current-account deficits matter when public debts are in effect denominated in a foreign currency, for not making the ECB into a lender of last resort and for not pushing through structural reforms in good times. Den Rest des Beitrags lesen »

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French support for the EU project is crumbling on the Left and Right

Posted by hkarner - 28. August 2016

General Charles de Gaulle blocked EU affairs with the empty chair. His methods are returning to fashion


The drama of Brexit may soon be matched or eclipsed by crystallizing events in France, where the Long Slump is at last taking its political toll.

A democracy can endure deflation policies for only so long. The attrition has wasted the French centre-right and the centre-left by turns, and now threatens the Fifth Republic itself.

The maturing crisis has echoes of 1936, when the French people tired of ‚deflation decrees‘ and turned to the once unthinkable Front Populaire, smashing what remained of the Gold Standard.

Former Gaulliste president Nicolas Sarkozy has caught the headlines this week, launching a come-back bid with a package of hard-Right policies unseen in a western European democracy in modern times. Den Rest des Beitrags lesen »

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What if France voted to leave the European Union?

Posted by hkarner - 7. August 2016

Date: 04-08-2016
Source: The Economist: Charlemagne
Subject: Au revoir, l’Europe

BARELY a year into his second presidency, Nicolas Sarkozy looked out from the steps of the Élysée and admitted defeat. The referendum had been lost. The European Union flag still fluttering behind him, the president said that he regretted that France, a founding member of the EU, would now have to leave it. Pollsters were flabbergasted. Mr Sarkozy put on a brave face. “Eternal France”, he said, trying to sound like de Gaulle, had endured far worse in its long and glorious history. Its best days lay ahead. And non, the president had no intention of resigning.

His optimism was unusual. Mr Sarkozy had won another spell in the Élysée by trafficking in fear (borrowing several ideas from Donald Trump’s almost-successful campaign for the White House). In the primary for France’s centre-right Republicans, held in November 2016, Mr Sarkozy had focused relentlessly on the country’s année de cauchemars (“year of nightmares”), blaming weak leaders and bumbling Eurocrats for failing to prevent a bloody series of terrorist attacks. In this febrile atmosphere Mr Sarkozy’s rival, the genteel Alain Juppé, didn’t stand a chance. Den Rest des Beitrags lesen »

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Europe Is a Minefield

Posted by hkarner - 4. Juli 2016

By John Mauldin, July 2, 2016

– Donald Rumsfeld, Secretary of Defense, 2002

“Germany’s Angela Merkel exudes an atmosphere of elderly exhaustion and pooped-out pessimism. Britain’s David Cameron, though by nature exuberant, feels he has to look and sound glum. And France’s leader, François Hollande, seems determined to drive every successful businessman out of the country.”

– Paul Johnson

“I stay in France. Better to be the queen of a village than a servant in a kingdom.”

– Emmanuelle Béart Den Rest des Beitrags lesen »

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Brexit Aftermath: Europe’s Zero Hour Presents an Opportunity

Posted by hkarner - 26. Juni 2016

Date: 24-06-2016

Hollande MerkelGerman Chancellor Angela Merkel and French President François Hollande.

Brexit is a catastrophe, but it is not the end of the European Union. The EU must now take advantage of the opportunity it has been presented with. Here’s how.

Zero hour is a term often used to describe the moments following war or revolution — moments when the known world is no more and a new one is born. Conditions at such times are often catastrophic, but therein lies the opportunity for better times ahead. After World War II, the opportunity was taken advantage of, after World War I, it wasn’t. Following the French Revolution, it took quite some time before a stable democracy developed, but after the American Revolution, it went quite quickly. It is easy to start a war, but it is difficult at zero hour to establish a promising peace. No continent knows that better than Europe.

Brexit is not a catastrophe on this level, far from it. But it does represent a zero hour for Europe. One can, at least, see it that way. And one should, because doing so would open our eyes to new possibilities and to the new opportunities now presented. It is infinitely discouraging that the majority of the British believe their country doesn’t belong in the European Union. It is a misconception and a mistake. But it has now been made and we must all live with it. No means no. The eternal squabbles with the United Kingdom must now come to an end. Go with God. But go. Den Rest des Beitrags lesen »

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