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Wolf Richter On The Keiser Report
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Wolf Richter on the Keiser Report
"Where Is The Fear"

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Wolf Richter on the Keiser Report
"Where the Money Goes to Die"

Clarke and Dawe: European Debt Crisis
Two favorite Australian Comedians

Clarke and Dawe: Quantitative Easing
Big industrial-strength printers, all facing the window

The Fastest Drive Ever Through San Francisco
Don't try to do this yourself
 

humanERROR - by "Frying Dutchman"
Powerful, lyrical appeal to the Japanese. Slams nuke industry, MSM, bureaucrats, and politicians.

Entries in Europe - France (115)

Friday
Apr182014

New Prime Minister of France: It All Hangs Together Or We’ll Hang Together (Warning: Biting Sarcasm)

By Hilary Barnes: Manuel Valls, the new Prime Minister of France, who has discreetly hinted that he hopes one day to be regarded alongside General de Gaulle as "the man who saved France" from itself, has found a new and fascinating definition of "austerity."

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Tuesday
Mar182014

French Megabank: No “Drastic Crisis” in France, It Will Be “Slow And Over Time”

Finally we know why French government debt and French stocks have performed so well, despite the crummy economy, and why France has been spared so far the fate of Cyprus: the fiasco won’t happen suddenly in France, the bank reported. It will be slow and torturous.

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Tuesday
Mar112014

Round Two of the Global Financial Sector’s Takeover of Spain

By Don Quijones: When it comes to dodgy landlords, few have it quite as bad as the tenants of a number of housing projects in Spain who were notified that the government had sold their units to an innocent-sounding investment fund called Cibeles.

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Sunday
Mar092014

Christine Lagarde, The Most Powerful “Yes-Woman”

By Don Quijones: Christine Lagarde, former economy minister of France, now Managing Director of the IMF, by pledging her undivided allegiance to the dark interests of those she serves, has inflicted untold devastation on families and communities across the globe even as she’s tangled up in a sordid corruption affair in France.

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Tuesday
Feb252014

France's Choice: Job Preservation Over Job Creation

By Hilary Barnes, Euro Politico Twitting: The French have the idea that the way to keep the business sector flourishing is to stop larger companies from closing any of their plants. Now they have a law to back it up. No more jobs will be lost. Anybody can see that.

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Thursday
Feb132014

No Crisis? France’s Private Sector In Deeper Trouble Than In 2009

His US visit might give the French President the boost he sorely needs at home, because at home, things are getting mired down. The economy shriveled or had no growth in five of the last eight quarters. The dominant government sector is well, but businesses are failing in record numbers.

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Monday
Jan272014

Black Money In France “At The Center Of Life For Politicians”

By Hilary Barnes, Euro Politico Twitting: Someone in the French government deleted 3,300 French names from a purloined list of accounts at HSBC Switzerland. Their revelation would have left the despised French "political class" red-faced and in deep trouble.

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Wednesday
Jan222014

French President to Private Sector: Liar-Liar = Win-Win?

By Hilary Barnes, Euro Politico Twitting: Fallacious economic thinking is prevalent among politicians, but one had hoped that French President Hollande, who taught economics in his time, knew enough to make him a relatively safe bet if elected president.

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Monday
Jan062014

The Most Despised Tax-And-Retreat French President Has ANOTHER Plan

President Hollande has a solution to France’s economic quagmire, with odds like a lottery. He’d launch a “responsibility pact” – one of his many phrases to haunt him later. It would be a radical shift. When you come to the end of your bumpy road, veer to the right.

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Sunday
Nov242013

French Megabank: “Germany Should Leave The Eurozone”

Suddenly, there’s a solution to France’s economic crisis. Unlike the cacophonous clamor from the far right to drop the euro, this one is attractively presented with graphs and in terms that even a French politician might understand. And it’s not contaminated by partisanship.

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Friday
Nov222013

The Most Despised Tax-And-Retreat French President Sinks Deeper Into Economic Quagmire

"Insurrection" is showing up in the French media, though it's still more an exaggeration than a description. "Fiscal discontent” is better, but not broad enough. Now François Hollande, the most despised French President in the history of polls, is going to turn this mess around.

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Thursday
Nov212013

Gagging Doubt: French Crackdown On French And American Bloggers Who Question Megabank Balance Sheets

France’s Financial Markets Authority slapped fines on two bloggers, Frenchman Jean-Pierre Chevallier and American Mike “Mish” Shedlock, “for having spread inexact information about the level of indebtedness” of megabank Société Générale. Instead of going after banks, bank regulators are going after bloggers! It's more convenient.

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Friday
Nov082013

Are You Overweight EU Equities For The Big Recovery Yet?

There has been a symphony of calls for American investors to plow their money into European stocks. So, net inflows into European equity funds have set records, driven by euphoria about a presumed recovery. Equities soared. But turns out, reality has bad breath.

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Wednesday
Oct302013

OMG, Those “Who Truly Rule The World”

Most powerful person in the world? Putin! Sez Forbes. At least, it wasn’t Merkel, who has been throwing her weight around when she found out that her Handy had been bugged by the NSA, just like our cellphones. We have to take it; she gets to make a big stink and gripe to Obama on the (bugged) phone.

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Tuesday
Oct222013

France Clamors for Currency War, Bundesbank Warns Of Housing Bubble

The euro, its dexterous management, the “whatever-it-takes” guarantees by ECB President Draghi, the trillions being shifted around to prop up banks and governments – all these efforts to keep the Eurozone duct-taped together have hit countries differently. Including France and Germany. They’re shooting at each other now, and hitting the ECB.

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Wednesday
Oct162013

Hype Collapses: Alcatel-Lucent “Could disappear,” Says CEO

“The company could disappear,” said Alcatel-Lucent CEO Michel Combes, not exactly the kind of wondrous hype CEOs normally sputter to bamboozle people into plowing their money into the company’s stock. The end, after two decades of ingenious Wall-Street engineering, fee extraction, fanciful accounting, executive wisdom, and brilliant strategic thinking.

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Sunday
Sep222013

Mostly Cloudy With Occasional Drones In The Afternoon

Marseille has a problem: “account settlements” – a guy machine-gunned at close range for a drug deal gone awry. So the city is getting drones to keep an eye on hot neighborhoods. It’s not the only city. One more element in how privacy is traded in for corporate profits, governmental controls, spookily personalized ads, and harebrained hype about security.

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Tuesday
Sep032013

The Big Shift: Chinese, Russians Replace People From (Formerly) Rich Countries As Big Spenders At Parisian Airports

In Paris, “Chinese” has a new meaning: money. This phenomenon shows up by the busload at luxury retailers where sales staff say a few words of bad Mandarin, instead of bad English, in hawking overpriced handbags and glittery baubles. Now Aéroports de Paris has put a number on it. A glimmer of hope for France, though perhaps of the wrong kind.

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Monday
Aug052013

Room For Hope? Fourth Largest Industry In France: It’s “Never Been This Catastrophic”

An awful turn of events in France, just when everyone was hailing signs of a recovery, of which evidence has been trickling in, albeit mixed at best. If you held your tongue just right, you could see vague glimmers of hope. Then came the results from France’s fourth largest industry, hotels and restaurants (along with the idea that you can always raise taxes).

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Friday
Jun142013

France Torpedoes American Movies, Shoots Itself In Foot

France vetoed the launch of free-trade negotiations between the EU and the US, though France has racked up a big trade surplus with the US and has much to lose. The problem: cultural protectionism. It wants “an explicit exclusion of the audio-visual sector.” A catch phrase for American movies! And a theme that is in the DNA of the French political class.

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