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

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

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    By a Reuters reporter in Madrid
    Published: 12:12PM BST 14 May 2010

    The newspaper cited comments by Spanish Prime Minister Jose Luis Rodriguez Zapatero to members of his party on Wednesday as relayed by people present at that meeting.
    A spokesman for the Spanish Prime Minister's office confirmed the meeting between Zapatero and other socialist party members on Wednesday, but could not immediately confirm what was said at the meeting.
    Sarkozy demanded a "commitment from everyone to suppport Greece...or France would reconsider its position in the euro," according to one source cited by El Pais.
    Another source present at the meeting between Zapatero and his party members and cited by the paper said: "Sarkozy ended up banging his fist on the table and threatening to leave the euro...This forced Angela Merkel to give in and reach an agreement."
    It's getting interesting now. I say to Euro investors, BUY BUY BUY!!
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    Re: President Nicolas Sarkozy 'threatened to pull France out of euro'

    France always does have option B and C; its Mediterranean Alliance thing and Francophone. I truly do not think this is all hot air.

    I think France would've proposed some narcissistic Franco-centric currency (or, alternatively, a French backed bond issued by and for the explicit purpose of Francophone/MedAl integration) like the "France is the Uber Dollar/Bond" a long time ago if it wasn't for the current crisis. I mean, it's always annoying sharing the pilotseat with Germany, whatever small country Euroskeptic (cough, Czech Republic, cough) happens to have the EU Premiership or whatever small dysfunctional Europhile country (Belgium ) happens along.

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

    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.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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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.
    And we are still laughing at the US because your problems are so much bigger than ours..
    PeteEU

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

    the union IS facing existential threat

    News Headlines

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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..
    Uh-huh (I'm skeptical). I would have definitely agreed with you, even, last month. Perhaps, even, three weeks ago. But after Greece and looking at the upside down rates on Spanish, Portuguese (+other selection of European countries) bonds I'll say that for the short-run, at least, you're problems are bigger.

    When (not if) California goes bankrupt, or if some other state follows; I'll be happy to admit that the United States is having more troubles then Europe. Yet, for now, one can't be honest and say the EU is having a gigantic daisy-chain circle compared to the US.

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

    Sarkozy speaks a lot, but his acts rarely follow what he says. So I am not sure that Merkel should be afraid.

    But now that EU and IMF decided to help the euro by helping the Greeks, are the speculators going to attack the British pound?

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

    IMO, there should be no 'joy' in the U.S. that the EU is suffering a significant debt-related crisis (the U.S. has major fiscal imbalances of its own that are currently being neglected by its political leaders). Likewise, there should be no 'joy' in Europe that the U.S. has major long-term fiscal imbalances (a 'misery loves company' rationale does no good). The economic, political, financial, and cultural linkages between the U.S. and EU nations are so numerous and deep that significant harm to one will lead to significant harm to the other. A strong and healthy Europe is in the interest of the U.S. and a strong and healthy U.S. is in the interest of Europe.

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

    "Sarkozy ended up banging his fist on the table and threatening to leave the euro...This forced Angela Merkel to give in and reach an agreement."
    This part, right here...

    France shouted down Germany...

    I mean... DAMN, that's just EMBARRASSING.
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    Re: President Nicolas Sarkozy 'threatened to pull France out of euro'

    the united states economy is facing its own crises

    US home seizures reach record - BloombergUTV.com

    for many of the same reasons as europe

    we're all so intricately interconnected, in addition

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