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Thread: President Nicolas Sarkozy 'threatened to pull France out of euro'

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    Re: President Nicolas Sarkozy 'threatened to pull France out of euro'

    I agree with Mr. Conway's analysis. The IMF report does a good job in highlighting the magnitude of the fiscal challenges facing the developed world, including the United States. The U.S. needs to embark on a credible fiscal consolidation course next year.

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    Re: President Nicolas Sarkozy 'threatened to pull France out of euro'

    Quote Originally Posted by American View Post
    I'm just laughing at all those who tried to stomp all over the US and it's dollar and it's economic domination, when the EU and its Euro came along as the answer to US domination. They hated the US so much that their mouths foamed at the prospect of some new and superior empire in Europe. They thought, "Hey anyone can build an empire...I mean the US did it, right?" It didn't matter that they build their house on sand instead of a real foundation of principals. I hope they get everything that's coming to them.
    Finally, something that I can agree with that you said. Screw the French. And, the Euro.
    It is better to die on your feet than to live on your knees.
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    Re: President Nicolas Sarkozy 'threatened to pull France out of euro'

    Quote Originally Posted by donsutherland1 View Post
    I agree with Mr. Conway's analysis. The IMF report does a good job in highlighting the magnitude of the fiscal challenges facing the developed world, including the United States. The U.S. needs to embark on a credible fiscal consolidation course next year.
    i know

    you've been there (unlike the coast guard in the gulf) from day one, consistent, courageous, correct

    it's just not gonna occur, is all

    Democrats Unlikely to Pass Budget in Face of Spiraling Deficits - BusinessWeek

    kudos, my hi class correspondent

    cliff

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    Re: President Nicolas Sarkozy 'threatened to pull France out of euro'

    With respect to the IMF's Fiscal Monitor, the following chart from that paper puts the U.S. fiscal challenges into perspective. The U.S. faces both an above average fiscal adjustment and above average age-related spending (health and pension spending):


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    Re: President Nicolas Sarkozy 'threatened to pull France out of euro'

    Quote Originally Posted by Blackdog View Post
    This just sent a chill down my spine. Sounds way to familiar...

    "Zapatero told his party members that France, Italy and Spain had formed a united front against Germany at the Brussels meeting and that Sarkozy had threatened to break up a traditional France-Germany "hold" on the rest of Europe, according to El Pais."
    Ha..oh that is funny.

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    Re: President Nicolas Sarkozy 'threatened to pull France out of euro'

    Quote Originally Posted by PeteEU View Post
    And we are still laughing at the US because your problems are so much bigger than ours..
    Oh come now. Own your problems and stop reflecting for a change. Where's Zeebra? Wasn't it America thyat was doomed to the depths of failure? The dollar is bouncing and we are on the upswing. It's a roller coaster ride for now, but eventually our employment numbers will return as our economy improves. America will be finenot only because we are one government and we started fixing earlier than you, but because our of re-defining and persevering culture will ensure it. Wall Street, banks, and even the Defense Industry is being dealt with. Like all internal crisis' America learns and emerges. We are not without imperfections. But the difference is that we are better and stronger for our crisis'.

    Europe, however, continues to be spiraling out of control and even a return to normal employment numbers will be too high. Your immigration issues are being met with anti-religious laws that further ignite problems. The great EU is proving that it merely serves to caulk over the cracks of the tribes as they bicker and struggle to find solutions. When America was "bailing out" our banks and car industries, European countries were arguing over what even to do. The longer it bickers of Greece, the longer the international economy is going to take to improve. America has the benefit of being one government made up of like minded people (a mixture of global tribes). The EU does not have this benefit. It's return to normalization will be far tougher than America's.

    Although, I am confused on whether or not I should be surprised that it was France that threatened to leave the EU and not Germany. Germany seems to be the strongest in terms of economy so they stand to lose the least by leaving the illusion of strength. But France has a history of turning its back and leaving oranizations that are meant to protect European interests, doesn't it? Although, Germany has had a way of kicking its neighbors in the teeth.

    In the end, Europe will figure it out one way or another. Of course, if history is a teacher, Europe doesn't have a good track record for solving its own problems. Europe always seems to drag America in. After dealing with our own, we always seem to have to help you deal with yours. Hell, we even ran to Asia's aid over economic problems in 1998. After dealing with our economic issues, will we really have to help you with Greece, Spain, and others to come? America benefits from a healthy Europe (not so much strong). But take this opportunity to prove that you can do for yourself for a change. Otherwise, America's burden continues doesn't it?
    Last edited by MSgt; 05-16-10 at 06:26 PM.

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    Re: President Nicolas Sarkozy 'threatened to pull France out of euro'

    Quote Originally Posted by donsutherland1 View Post
    I agree with Mr. Conway's analysis. The IMF report does a good job in highlighting the magnitude of the fiscal challenges facing the developed world, including the United States. The U.S. needs to embark on a credible fiscal consolidation course next year.
    It will. When has America ever refused to deal with a crisis? In the end, we will persevere whether we are forced to or choose to.

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    Re: President Nicolas Sarkozy 'threatened to pull France out of euro'

    Quote Originally Posted by American View Post
    I'm just laughing at all those who tried to stomp all over the US and it's dollar and it's economic domination, when the EU and its Euro came along as the answer to US domination. They hated the US so much that their mouths foamed at the prospect of some new and superior empire in Europe. They thought, "Hey anyone can build an empire...I mean the US did it, right?" It didn't matter that they build their house on sand instead of a real foundation of principals. I hope they get everything that's coming to them.
    Time wounds all heels.

    I have been blown away at the strength of the Euro over the last years. The countries are populated by the lazy, their social systems extensive and corrupted to the core and the taxpayer overburdened due to bad ideas. They're our poor cousins.

    Key word is poor.

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    when you have NO MORAL COMPASS.

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    Re: President Nicolas Sarkozy 'threatened to pull France out of euro'

    Quote Originally Posted by zimmer View Post
    The countries are populated by the lazy.


    Quote Originally Posted by zimmer View Post
    their social systems
    Yeah sorry, we don't leave our poor to die of the common flu

    Quote Originally Posted by zimmer View Post
    corrupted to the core .
    Oh and your country, where every politician is sponsored by (insert big corporation here) is a bastion of corruption free politics.

    Quote Originally Posted by zimmer View Post
    taxpayer overburdened due to bad ideas.
    Like say... the war in Iraq...?

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    Re: President Nicolas Sarkozy 'threatened to pull France out of euro'

    Quote Originally Posted by Jetboogieman View Post




    Yeah sorry, we don't leave our poor to die of the common flu



    Oh and your country, where every politician is sponsored by (insert big corporation here) is a bastion of corruption free politics.



    Like say... the war in Iraq...?
    Yep, Europe has some fine Phillies, and a more relaxed attitude, but that doesn't mean they're not lazy... they are. Their system breeds it.

    As one German lady told me about 20-years ago, "Germans are afraid to work too hard". I know it first hand. The East Euros are a breed apart due to their Commi training, but western Euers pale compared to the US when it comes to productivity.

    They get gobs of time off, hell the EU shuts down for a month in the summer... there is no way they can compete. It's why the Swedish study Timbro found the best EU countries would be... at the bottom 5 of US States for standard of living.

    .

    .
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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