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Meanwhile, In France…
I hesitate to dedicate scarce editorial resources to France's budget drama, not because it isn't notable, but rather because in all likelihood it'll end in some manner of compromise.
But considering the extent to which the fiscal wrangling is a reminder of the rolling crisis of government facing (another) one of the world's foremost democracies, it's worth a quick note for those unapprised.
Recall that the great (or not-so-great, depending on how you want to look at it) irony of Emmanuel Macro
“That’s a lot of leverage for Le Pen, and markets don’t love it.”
Quite different than US stock investors, eh?
So I wonder if the French are still thinking the Euro was such a good idea……
Dr. Evil – What do we have?
#2 – Sea Bass
Dr. Evil – Riiiiight.
#2 – They are mutated Sea Bass
Dr. Evil – Are they ill-tempered.
#2 – Absolutely.
H-Man, much of Europe is hard right and it appears to be just a matter of time before France (Le Pen) joins the fray helped by the coat tails of the Trump election. It seems the world is leaning very hard to the right which tells us “what” about the average voter here and abroad?
“Le Pen in the Élysée could be a risk greater than Donald Trump in the White House” – curious what kind of potential consequences do you have in mind that make you think that way? Thanks as always!
France falls…. and we need to stop worrying about how the general public will act if their leaders do prison time or not!