Hollande Wins French Presidential Election

By: Sunday May 6, 2012 12:42 pm

Socialist candidate Francois Hollande has won the French Presidential election, defeating incumbent Nicolas Sarkozy, yet another political victim of the Eurozone crisis. After the early exit polls showed a 52-48 victory for Hollande, Sarkozy conceded defeat and called Hollande to wish him luck running the country. Hollande had won the first round of the elections [...]

European Jitters Still Predominate

By: Monday January 9, 2012 1:02 pm

The stock market slumped slid sideways today, despite strong jobs numbers and a growing sense of US economic recovery (which I’m not totally buying, incidentally). The reason is simple – Europe is about to become a basket case, again. Weak bond sales and uncertainty in the banking sector, along with an almost certain recession among [...]

Merkel, Sarkozy Agree on Fiscal Consolidation for Europe

By: Monday December 5, 2011 8:55 am

France and Germany have reached agreement on a fiscal plan for Europe that has everything to do with veto power for the European Commission over sovereign budgets and very little to do with the long-term problem of smoothing growth over 17 different countries operating under one monetary union. The leaders of France and Germany agreed [...]

Neocons Demand Obama Retract Factual Statement About Benjamin Netanyahu

By: Tuesday November 8, 2011 1:34 pm

Well, you knew this was coming. Right-wingers and neocons were going to go ballistic that Barack Obama did not properly rush to defend the honor of Benjamin Netanyahu, a man who has gone out of his way to insult Obama at virtually every opportunity. The story goes that in front of an open mike at [...]

EU Leaders Bullying Greece

By: Thursday November 3, 2011 6:18 am

European leaders are really trying to put the screws to Greece for daring to let their people decide if they want to shoulder the burden of crushing austerity for the next decade or more. First, the EU and the IMF suspended payments to Greece until the outcome of the referendum (or the collapse of the [...]

Report: Palestinians Agree to Statehood Vote Delay

By: Thursday September 22, 2011 7:35 am

Publicly, the Palestinians say that they will not waver in their efforts to seek statehood at the UN Security Council. They plan to formally petition for statehood tomorrow. Saeb Erekat, the former head of negotiations with Israel, says firmly, “We will not allow any political maneuvering on this issue.” This is seen as a rebuff [...]

Western Leaders Push Plan for Abbas to Drop Palestinian UN Statehood Bid

By: Wednesday September 21, 2011 6:50 am

[Ed. Note: President Obama spoke to the UN General Assembly this a.m., followed by French President Sarkozy.  C-SPAN has live coverage here. ] The Obama Administration is frantic about stopping the Palestinian effort to secure a vote on statehood at the UN. Today the President meets with Palestinian Authority President Mahmoud Abbas to try and [...]

DSK’s Arrest on Rape Charges Throws French Election, IMF Into Chaos

By: Monday May 16, 2011 7:00 am

While I was out having my life yesterday, I got a call from Al Jazeera English asking me to come on and talk about the future of the IMF. At the time I had only really seen the smallest of headlines about Dominique Strauss-Kahn’s arrest in New York on rape charges, and unlike a lot [...]

Nicolas Sarkozy: About Time, You Heartless Bastards

By: Tuesday March 30, 2010 7:52 am

Essentially, that was the message from the French President about the passage of health care legislation: “Welcome to the club of states who don’t turn their back on the sick and the poor,” Sarkozy said, referring to the U.S. health care overhaul signed by President Barack Obama last week. From the European perspective, he said, [...]

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