Archives for posts with tag: FrancoisHollande

MONEY BUZZ Blog Report: IS EUROZONE BECOMING OPIUM DEN OF AUSTERITY MORALISTS? By, Ambassador Mo
Austerity as Morality Lesson? Problem is not too few Eurozone programs in support of credit stressed member states, but are they focused on real problem – economic stagnation & sterility. The “alphabet soup” of Eurozone programs grew by one more today as ECB’s Chief Mario Draghi announced a bond purchase program & dubbed it the “MOT” (Monetary Outright Transactions).
http://diplomaticallyincorrect.org/blog_post/is-eurozone-becoming-opium-den-of-austerity-moralists/56025Image

Blog Report: MERKEL STILL CLINGS TO AUSTERITY LIKE TO BARRY MANILOW COVER SONG? By Ambassador Mo
Preaching austerity like mom urging abstinence to child off to college?— Germany’s Chancellor Angela Merkel may already be on her way out via election defeat next year but she still controls the purse strings of Germany & thus most key joint Eurozone/EU institutions. Merkel hangs to the old scheme of austerity with only limited concessions to the calls for more growth and jobs. –More–
http://diplomaticallyincorrect.org/blog_post/merkel-still-clings-to-austerity-like-to-barry-manilow-cover-song/52740Image

Blog Report: GREECE UNZIPS & AUSTERITY COMES UNDONE, By Ambassador Mo
Germany’s Angela Merkel & advocates of austerity have more to worry about even than Greece if the latter unzips from the Euro. Most of the rest of Europe had hoped to first bandage & then isolate Greek economic pain. It was an open secret that most were ready to unmoor Greece from the Euro but all in due time when the process would not put at risk bigger European banks/investors. –More–
http://diplomaticallyincorrect.org/blog_post/greece-unzips-austerity-comes-undone/52157Image

MONEY BUZZ Report: FINANCIAL MARKETS APPROVE END TO AUSTERITY? By Ambassador Mo
Francois Hollande defeating Nicolas Sarkozy may not have been much of surprise, but how about the reaction of investors and the financial markets which normally hate uncertainty? The traditional media are still holding to the old storyline that the markets are shaken by the victory of Hollande, but is that so clear or even accurate? –More–
http://diplomaticallyincorrect.org/blog_post/financial-markets-approve-end-to-austerity/51735Image

Blog Report: FRENCH VOTE AGAINST AUSTERITY? By Ambassador Mo
Marine Le Pen did her best Joan of Arc imitation spewing nationalist manure, but the real fertilizer for both left & right was a rebellion against austerity that had become fashion in the last year. Nicolas Sarkozy was perceived as one of the alchemists in devising the European response to the international financial crisis – only to get sucked into an even more damaging Eurozone crisis. –More–
http://diplomaticallyincorrect.org/blog_post/french-vote-against-austerity/50963Image