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France's triumphant 'Joan of Arc' vows to bring back franc
Posted: 30 Jun 2013, 21:04
by Lord Beria3
http://www.telegraph.co.uk/finance/fina ... -euro.html
Marine Le Pen is spoiling for a fight. The leader of France's Front National vows to smash the existing order of Europe and force the break-up of monetary union, if she wins the next election.
It is no longer an implausible prospect. "We cannot be seduced," she said, brimming with confidence after her party secured 46pc of the vote in a by-election earthquake a week ago. Her candidate trounced the ruling Socialists in their own bastion of Villeneuve-sur-Lot.
"The euro ceases to exist the moment that France leaves, and that is our incredible strength. What are they going to do, send in tanks?" she told the Daily Telegraph at the Front National's headquarters, an unmarked building tucked away in the Paris suburb of Nanterre. Her office is small and workaday, almost austere.
"Europe is just a great bluff. One side there is the immense power of sovereign peoples, and on the other side are a few technocrats," she said.
For the first time, the Front National is running level with the two governing parties of post-War France, Socialists and Gaullistes. All are near 21pc in national polls, though the Front alone has the wind in its sails.
Yet it is the detail in the Villeneuve vote that has shocked the political class. The Front scored highest in the most Socialist cantons, a sign that it may be breaking out of its Right-wing enclaves to become the mass movement of the white working class.
Interesting article and something I have felt is coming for a while. The obsessive loyalty to the Euro among the French political elite has led to the conditions for the National Front to seize power.
UKIP are in a similar situation, if they ever break out of the Tory shires into the mass white working class than they could drive the lump Labour party into a nationalistic direction.
Posted: 30 Jun 2013, 22:28
by UndercoverElephant
UKIP can never appeal to the working class, and that's doubly true so long as the BNP exists.
Posted: 01 Jul 2013, 00:02
by JavaScriptDonkey
UndercoverElephant wrote:UKIP can never appeal to the working class, and that's doubly true so long as the BNP exists.
I think UKIP does appeal to the working classes.
BNP is a minority vote side issue for extremists.
Does anyone know whether the National Front in France is 'just' a French UKIP or is there more truth in the name?
However we once again see that all it takes to make people vote right is a taste of leftist policies.
Posted: 01 Jul 2013, 00:09
by UndercoverElephant
JavaScriptDonkey wrote:UndercoverElephant wrote:UKIP can never appeal to the working class, and that's doubly true so long as the BNP exists.
I think UKIP does appeal to the working classes.
BNP is a minority vote side issue for extremists.
Does anyone know whether the National Front in France is 'just' a French UKIP or is there more truth in the name?
However we once again see that all it takes to make people vote right is a taste of leftist policies.
Making bankers rich with public money is a leftist policy?
Posted: 01 Jul 2013, 00:37
by JavaScriptDonkey
No but raising taxes to drive a
country further in to deficit in order to buy votes certainly is.
Posted: 01 Jul 2013, 06:41
by woodburner
Driving a country further into deficit by mechanisms such as PFI is hardly a laudable alternative. Left or right, the policies are always to increase debt, this is economic growth. How many times do you hear the expression ".....expand or die....."? It's just an excuse for BAU, which surprisingly suits the bankers, politicians et al.
Posted: 01 Jul 2013, 18:19
by JavaScriptDonkey
What Hollande is demonstrating admirably is that if you try to appease the poor by aggressively taxing the rich all you end up with are more poor people.
Posted: 02 Jul 2013, 02:27
by kenneal - lagger
UndercoverElephant wrote:Making bankers rich with public money is a leftist policy?
You'll have to ask Tony Bleh and Gordon Brown for the answer to that.....
Posted: 02 Jul 2013, 09:04
by featherstick
kenneal - lagger wrote:UndercoverElephant wrote:Making bankers rich with public money is a leftist policy?
You'll have to ask Tony Bleh and Gordon Brown for the answer to that.....
What would they know about leftist policies?
Posted: 03 Jul 2013, 04:35
by kenneal - lagger
woodburner wrote:Driving a country further into deficit by mechanisms such as PFI is hardly a laudable alternative. Left or right, the policies are always to increase debt, this is economic growth. How many times do you hear the expression ".....expand or die....."? It's just an excuse for BAU, which surprisingly suits the bankers, politicians et al.
The increasing debt is a very temporary answer to the problem of wages decreasing in the west to keep up, or down, with low wage competition from the east and retain continuing growth at the same time. That debt has peaked and plateaued already which is one of the reasons that the UK economy has been bumping along the bottom for so long.
The problem for the west, and especially for the UK, is that we have high land and property values built up in a more prosperous past which can be treated as an asset and borrowed against but are ultimately not real values and will collapse. As incomes fall property values have to fall to become purchasable by the majority so the current situation is a bubble which is about to burst with a sudden price collapse unless something is done by government to manage the situation into a long term decline in value. Either way there is a problem for banks and building societies whose whole asset base value is based on the land value bubble.
Posted: 03 Jul 2013, 08:20
by Little John
kenneal - lagger wrote:woodburner wrote:Driving a country further into deficit by mechanisms such as PFI is hardly a laudable alternative. Left or right, the policies are always to increase debt, this is economic growth. How many times do you hear the expression ".....expand or die....."? It's just an excuse for BAU, which surprisingly suits the bankers, politicians et al.
The increasing debt is a very temporary answer to the problem of wages decreasing in the west to keep up, or down, with low wage competition from the east and retain continuing growth at the same time. That debt has peaked and plateaued already which is one of the reasons that the UK economy has been bumping along the bottom for so long.
The problem for the west, and especially for the UK, is that we have high land and property values built up in a more prosperous past which can be treated as an asset and borrowed against but are ultimately not real values and will collapse. As incomes fall property values have to fall to become purchasable by the majority so the current situation is a bubble which is about to burst with a sudden price collapse unless something is done by government to manage the situation into a long term decline in value. Either way there is a problem for banks and building societies whose whole asset base value is based on the land value bubble.
Property and land prices don't have to drop if we return to a pre-twentieth century model of property ownership. That is to say, a rich 10% own and a poor 90% rent off the rich 10%.
Posted: 03 Jul 2013, 12:59
by emordnilap
kenneal - lagger wrote:That debt has peaked and plateaued already which is one of the reasons that the UK economy has been bumping along the bottom for so long.
The bottom? You optimist!
Posted: 03 Jul 2013, 14:06
by kenneal - lagger
True!!
Posted: 03 Jul 2013, 23:38
by RenewableCandy
Property prices are staying high in places where rich people from overseas want to buy. This, of course, is nbg for the rest of us.
Posted: 04 Jul 2013, 15:13
by acman
Our local radio, on the news, has said the 'Halifax' has just said that property prices have risen at their fastest for the last 3 years, still wonder why the 'media' think it's news worthy to tell us this, funny thing is they never mention that oil prices are at their highest for 14 month, maybe having to inform us that fuel prices will probably rise too, might not sound great.
The new govenor of the BoE is going to have his work cut out here......mmm I wonder what he'll do......