Tag Archives: Nicolas Sarkozy

French Socialists Test Ride Obama Platform

By Paul Roderick Gregory – French voters went to the polls today to winnow a ten-candidate presidential field down to the “right-of-center” incumbent (Nicolas Sarkozy) and his socialist challenger (Francois Hollande). The two will face each other in a  runoff election on May 6. A Sarkozy loss would be the first of an incumbent French president in  thirty years. It would threaten the German-French sponsored European Union rescue package.

The French election previews the U.S. November election contest between incumbent Barack Obama and challenger Mitt Romney in the following four ways:

  • Both Obama and Hollande offer almost identical leftist platforms.
  • The sorry state of the economy gives both challengers a hefty leg-up.

A Google search confirms that the U.S. media has largely ignored the striking overlap between Democrat  Obama’s and Socialist Hollande’s electoral platforms. Today’s New York Times indirectly lets the cat out of the bag.

In its In France, Using Lessons from Obama’s Election Campaign, the Times reveals that Obama loyalists  have been working behind the scenes to teach French socialists community-organizer techniques. more> http://is.gd/FAgNHG


The Next and More Serious Phase of the European Crisis

By Desmond Lachman – Two upcoming political events could usher in a new, worse phase of the European debt crisis.

The first is the French presidential election, the first round of which was scheduled for last Sunday, and the second round for two weeks later. The second is the Greek parliamentary election on May 6, which could result in the formation of the weakest of Greek governments. more> http://is.gd/VuSTCE

Europeans choose sides over financial crisis

By Harold Meyerson – The founding document of a genuinely pan-European politics isn’t one that unites the continent. To the contrary, the fiscal compact that German Chancellor Angela Merkel persuaded her European Union colleagues to embrace — with an assist from French President Nicolas Sarkozy — has given rise to bitter dissents both within and among European nations. The pact, which codifies fiscal constraints that will inflict years of economic stagnation, if not accelerated decline, on such debtor nations as Spain and Greece, has divided Europe into rival camps — the Keynesian leftists against the austerity rightists.

All politics in Europe isn’t local any more. Roll over, Bismarck, and give Clemenceau the news: The German chancellor wants to campaign for the French president. Mein Gott! Mon Dieu! OMG! more> http://tinyurl.com/7rl5pun

Europe to Germany: your eurocrisis ‘answers’ don’t work for us

By Robert Marquand – A Nordic official sent to a top euro crisis meeting last fall came out complaining: When questions started percolating, German Chancellor Angela Merkel and French President Nicolas Sarkozy disappeared into a room and emerged later with “answers,” the official said, that were the final word.

As Germany takes the lead and refigures Europe‘s fiscal operating system into its doctrine of austerity, questions and warnings are on the rise. more> http://is.gd/BX3y3K

Euro Leaders Aim to Buy Time to Save Currency

By Patrick Donahue – Some 157 billion euros ($203 billion) in debt will mature in the 17-member euro area in the first three months of 2012, according to UBS AG. By the end of that period, leaders have pledged to draft a stricter rulebook for controlling government spending. German Chancellor Angela Merkel and French President Nicolas Sarkozy will meet in Berlin Jan. 9 to work out details.

The key to the euro’s survival may lie with Italy, the group’s third-largest economy and the second most-indebted after Greece. The government in Rome must repay 53 billion euros in debt in the first quarter, about a third of the euro area’s total amount for the period, after Prime Minister Mario Monti passed an emergency budget package aimed at curtailing borrowing costs. more> http://is.gd/zu1MYB

Europe’s economic purgatory

By Robert J. Samuelson – Europe has entered an economic and political purgatory from which there is no early escape.

Any hint that a country might dump the euro would trigger runs on banks, as depositors would seek to withdraw their euros. Banks would collapse. Deprived of buyers for their debt, countries would default. This would impose further losses on banks inside and outside the defaulting country. Without viable banks, borrowers would be starved for credit.

The logic is plain. If debtors need rescuing, then the rescuers ought to have some say over the policies that might cause trouble. The potential for intrusiveness — and resentment — is obvious. Brussels might order tax increases or spending cuts. National sovereignty over basic political choices is being outsourced.

So Europe is trapped in purgatory. more> http://twurl.nl/q7w3e1

Chancellor Merkel’s Difficult Battle in Brussels

By Philipp Wittrock – It is a tone that one rarely hears from Berlin on the eve of a major European Union summit. “We have the impression that some actors still haven’t recognized the seriousness of the situation,” a senior German government official told journalists in Berlin on Wednesday.

There are many, the official added, “who are very generous and very quick when it comes to finding new sources of financing, but have difficulties when it comes to addressing the deficiencies with the euro’s design.” In order to stabilize the euro, no “baby steps” will be sufficient.

The targets of the unusually strong verbal attack by Germany are clear. They are aimed at countries that have questioned or expressed objection to the Merkel-Sarkozy stability plan as well as those who are seeking concessions or want to water the plan down in other ways. more> http://tinyurl.com/7nxr2h4