Germany Seeks to Strip National Sovereignty from Eurozone Members

By: Wednesday October 17, 2012 1:27 pm

The EU will hold one of its regular summits, and the participants are all patting themselves on the back because they don’t believe they have an immediate near-term crisis to deal with. Except they do. That crisis isn’t about whether or not Spain will accept a bailout (the Spanish government is reluctant, because they would [...]

France Calls for Top Marginal Tax Rate of 75%

By: Friday September 28, 2012 10:47 am

France has announced a massive redistributive tax program which would send the top tax rate soaring and increase taxes broadly on the top 10% of society. French Prime Minister Jean-Marc Ayrault has said that nine out of 10 citizens will not see their income taxes rise in the new budget. He has confirmed that there [...]

Rich Place Propaganda in NYT Reacting to France’s Proposal for High Marginal Tax Rate

By: Wednesday August 8, 2012 1:04 pm

One thing I think we can all take away from Mitt Romney’s travails with his tax returns is that rich people hate to pay taxes, and that they will try as hard as they can to prevent such payment. This is proven also by the wailing you might hear coming from “les Riches” in France, [...]

EU Summit Solution Looks Remote

By: Wednesday June 27, 2012 6:56 am

This EU summit scheduled for tomorrow (yes, just add that to the calendar with the Supreme Court ruling and the Holder contempt vote) has all the earmarks of a disaster. First, technocrats released a sovereignty-destroying proposal that would combine all of the worst elements of a fiscal union, not solving the growth imbalance problem while [...]

European Leaders Propose Small Stimulus Package

By: Friday June 22, 2012 12:17 pm

I mentioned earlier that the “Big 4″ leaders – of Germany, France, Italy and Spain – were meeting today in advance of a big EU summit next week. That meeting has adjourned, and the leaders announced they would push for a stimulus package of 130 billion euros. But even the initial reports of this shows [...]

Elections in France, Egypt Move in Different Directions

By: Monday June 18, 2012 7:02 am

As the situation in Greece is just too depressing to contemplate, let’s divert our attention for a moment to the other two big global elections yesterday. In France, Francois Hollande’s Socialists took an absolute majority in Parliament, meaning Hollande will have a fairly easy time implementing his agenda. The question that will now be answered [...]

France, Germany at Odds Over Eurozone Crisis

By: Thursday May 24, 2012 8:19 am

European leaders met in Brussels yesterday, and even going in it was clear that the countervailing forces, exemplified most by Germany and France, would not come to any agreements. And that’s just how it turned out: A major rift has opened up between Germany and France for the first time in 30 months of euro [...]

Germany Rules Out Eurobonds

By: Wednesday May 23, 2012 9:35 am

A European summit being held tonight in Brussels offers another opportunity for new French President Francois Hollande to offer a different manner of thinking on the euro crisis, away from austerity and toward integration through eurobonds, fiscal transfers and economic growth. On the first part, however, Germany has all but ruled out eurobonds, which would [...]

Merkel Intervention at G8 Summit on Stimulus for Eurozone

By: Saturday May 19, 2012 10:57 am

Most of the leaders of the free world are meeting at the G8 Summit today at Camp David, and it sounds like the event has the look of an intervention where the other heads of state try to sit Angela Merkel down and convince her to reverse the austerity policies that are crushing European economies [...]

Hollande and Merkel Meet as Greek Woes Continue

By: Wednesday May 16, 2012 7:45 am

German Chancellor Angela Merkel and French President Francois Hollande met yesterday in Berlin, in what was kind of an awkward summit. But they did appear united on one point: that Greece must keep their promises and stay in the Eurozone. Both spelt out their concern that Greece should remain a full member of the common [...]

Hollande Promises “New Pact” in Swearing-In Ceremony

By: Tuesday May 15, 2012 8:55 am

On a day when Greece called for new elections, with serious implications for the European economy and the future of the euro, the other country with elections on May 6 swore in their new President. Francois Hollande came to power in France calling for a return to growth rather than a single-minded focus on debt [...]

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