tag:blogger.com,1999:blog-36227136.post310465971052756045..comments2024-01-16T08:40:53.682+00:00Comments on <a href="http://www.openeurope.org.uk">Open Europe</a>: Dieu save the baguette!OEhttp://www.blogger.com/profile/00556463374230498875noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-36227136.post-81929452629907852372013-07-10T17:43:56.634+01:002013-07-10T17:43:56.634+01:00I loved reading this piece! Well written! :)
jaso...I loved reading this piece! Well written! :)<br /><br />jason<br /><a href="http://rmpproperty.com/2013/03/why-we-wont-sell-hotel-room-investments/" rel="nofollow">Student pods</a>jason harishttps://www.blogger.com/profile/01018759510123080455noreply@blogger.comtag:blogger.com,1999:blog-36227136.post-30133071473568525392012-11-20T14:48:02.724+00:002012-11-20T14:48:02.724+00:00The French never have forgiven us for winning two ...The French never have forgiven us for winning two wars they lost within weeks. And as they never will, any attemt to suck up to then is doomed.<br /><br />It is no coincidence that Folies de de grandeur is a French expression, there it is a way of life. But now doomed too due to their escalating financial crisis.Idris Francisnoreply@blogger.comtag:blogger.com,1999:blog-36227136.post-49246255355554627532012-11-19T15:28:24.659+00:002012-11-19T15:28:24.659+00:00Of course the French government don't like the...Of course the French government don't like the truth - it hurts and it should hurt. The article is good analysis except that in some ways it doesn't go far enough. <br /><br />The whole EU leadership is suffering from delusions of grandeur and megalomania. King Cnut here tried to teach his nobles a lesson by ordering the tide to stop coming in. He failed (as HE expected] and they all got very wet. Just the same with the euro. Its very structure makes its grandiose ambitions laughable. <br /><br />My only regret is that we didn't leave the EU when the rest went ahead with this lunacy or at least shouted the truth from the rooftops day-in, day-out. <br /><br />christina speightnoreply@blogger.comtag:blogger.com,1999:blog-36227136.post-50268448820021194662012-11-19T12:05:37.801+00:002012-11-19T12:05:37.801+00:00When the big bang comes, the French will be on the...When the big bang comes, the French will be on the S-Euro side, not in the Northern rump. The French are a big part of the problem. It is they that believe in protectionism, the 30 hour week, the huge public sector. 20 years ago, there was a trade balance France-Germany. Since then, every year, a gap has widened. The French can no longer compete. Nothing Hollande has done is going to help.Rollohttps://www.blogger.com/profile/18255460090580758354noreply@blogger.comtag:blogger.com,1999:blog-36227136.post-81763041527297037582012-11-16T17:33:42.351+00:002012-11-16T17:33:42.351+00:001. The problem with France is that if France falls...1. The problem with France is that if France falls the Euro is gone. No way that Germany will be able to keep the thing up basically by itself. Also such amounts will be involved that very likley some of the Norths will go for an EUxit.<br />2. My original idea was that Italy first would have to tumble and take the French banks with it and subsequently France would be dead and buried.<br />3. However I clearly overestimated the IQ of both the French population and that of Mr Hollande.<br />But got the smell of garlic and the white flag right (2 out of 3 is not bad).<br />The guy is simply seen as as big a liability as Berlusconi.<br />4. If I read the markets correctly is it as stated above. Smart money is moving out with Mach 10 speed. Everybody begins to worry.<br />5. Problem with France is that the price is based basically on technical valuations. While with fundamental ones bonds would now be completely overpriced.<br />Summarised the price is maintained at this level because there still can be greater fools found. These situations, history shows, however are hardly stable. Basically the world always runs out of fools at some point and usually pretty quick.<br />Which would tank (Baumgartner style) France and at that point it simply will be too late to make structural changes, things go too fast.<br />Also looking at the risk involved when materialise it will do so ,say within 2 years from now, meaning a very likely haircut plus a near certain devaluation, say a 2 times 1% interest makes simply no sense (to run that risk, it is at least share-like). <br />6. With France with the added problem that we likely first would see the usual ineffective Euro-rescue machine at work. Dumping a lot of the problem with the ECB (for friends: the Northern taxpayer). And government related institutions would get another part of the disaster on their balancesheets. So French banks would be even buster than they already are and they likely rob the local pensionfunds before folding their cards. So at first the drop therefor might look relatively modest (only the people would not have any pension left). Riknoreply@blogger.com