François Hollande elected French President.

[Mordoror]

But according too many it is the beginning of the worst era for France, Europe and the kittens.

You forgot to ad the puppies
Very important, the puppies
To be honest, the outcry made me smirk a bit by its air of "deja vu"
That's from the same kind of people who were crying out loud that there will be soviet tanks on the Champs Elysées and, being among the greatest patriots, packed their money for Swizterland and Luxembourg. That was in 1981 and again in 1988.
So you see, deep as*holes exist on both sides of the political spectrum when you talk about the wallet

Being from slavic descent, i am fatalist and say : let's see how it turns. Moreover, i already said it but Hollande's hands are not free. He is bound by the economical situations
His program is that : a program
And if a program of a politician was to be achieved, we will all have salary x3, no criminality in our streets and caviar and champagne for breakfeast
Obviously none of this politicial nomenklatura ever respected their promises
So on the contrary to what said Chimera previous posts, i ll wait and see ...........

[Ivan le Fou]

There is nothing much we can do about it anyway.

And as for the public outcry I only remember what I heard in 2007 "you'll see, in a few weeks everybody will be carrying a gun just like in America and be sure we will go to Irak!".

So, politicians' programs and outraged people's prophecies are quiet the same in the end.

[Mordoror]

So, politicians' programs and outraged people's prophecies are quiet the same in the end.

Wise words

There is nothing much we can do about it anyway.

And wise words

Congrats you have just achieved the 7th level of wisdom, little padawan

[muck]

Every people gets the government it deserves.

It doesn't take a magic crystal ball to see that Europe must reduce debts now and not amass more. I'm not saying every idea of Hollande is inevitably bad but his proposed fiscal policy will sound the death knell for France's economy. You cannot spent more than your income. You cannot establish security on borrowed money. You cannot bring prosperity by taking it from the prosperous.

And what is not good for France won't be good for Europe either.

[KoTeMoRe]

I beg your pardon but, please do tell, what is this monstrous Fiscal policy that makes you all wet your pants?

Who said He will spend more than the available icome? And who DOES NOT spend more than budgeted in the current day in Europe? I mean I would have run for presidency in France, with a Stalinian ticket and you would have not been so serious.

[subotai]

It doesn't take a magic crystal ball to see that Europe must reduce debts now and not amass more.

That's debatable. When your economy is in trouble and unemployment is high do you really want to throw more people out of work (government and public workers)and on to the dole (public assistance) whose budget you are also trying to cut? That sounds like a recipe for disaster as well.

[Ivan le Fou]

Wise words
And wise words
Congrats you have just achieved the 7th level of wisdom, little padawan

Call it pragmatism instead of wit.

[muck]

I beg your pardon but, please do tell, what is this monstrous Fiscal policy that makes you all wet your pants?

Who said He will spend more than the available icome? And who DOES NOT spend more than budgeted in the current day in Europe? I mean I would have run for presidency in France, with a Stalinian ticket and you would have not been so serious.

I cannot be arsed to justify my point of view in front of you, for we both won't be going to change each other's opinions.
Hollande has proposed spending that will defy the cuts which would've been necessary to stabilize national spending. Even the ridiculously high taxes he suggested won't counter finance his budgeting, not to mention that I cannot see why the state should have the right to take three quarters of a person's income now matter how rich them are.
As for who's spending more than budgeted, that's not the point. It's how an administration structures its finances and whether it is willing to discipline itself in terms of spending and make provisions to pay back debts or at least reduce borrowing. Germany does that right now and whilst we're doing it we're coming out of the crisis better than all the others. In fiscal year 2015 we're going to have a balanced budget and we've even forbidden ourselves - with an amendment to the constitution, not hollow promises - to make new debts. I can't see a Socialist government accomplish such a feat.

I'd rather live under a dry spell for some time than pass a country on to my children that's bancrupt and ruined. The self-centred and future-ignoring attitude of my fellow Europeans, who only seem to care about their own entitlements, scares me.

[HK in AK]

You can tell who the unhappy people are by their comments.

[Climber]

whats the stance of Holland in the ME conflict? sorry to ask a dumb question, but I regard your opinions higher than the media's.

[HK in AK]

[Universals]

I cannot be arsed to justify my point of view in front of you, for we both won't be going to change each other's opinions.
Hollande has proposed spending that will defy the cuts which would've been necessary to stabilize national spending. Even the ridiculously high taxes he suggested won't counter finance his budgeting, not to mention that I cannot see why the state should have the right to take three quarters of a person's income now matter how rich them are.
As for who's spending more than budgeted, that's not the point. It's how an administration structures its finances and whether it is willing to discipline itself in terms of spending and make provisions to pay back debts or at least reduce borrowing. Germany does that right now and whilst we're doing it we're coming out of the crisis better than all the others. In fiscal year 2015 we're going to have a balanced budget and we've even forbidden ourselves - with an amendment to the constitution, not hollow promises - to make new debts. I can't see a Socialist government accomplish such a feat.

I'd rather live under a dry spell for some time than pass a country on to my children that's bancrupt and ruined. The self-centred and future-ignoring attitude of my fellow Europeans, who only seem to care about their own entitlements, scares me.

Kote already explained that it's not a 75% flat tax rate. You seem upset.

[muck]

I didn't said it to be a 75% flat tax, did I?

Why should I be upset?

That's debatable. When your economy is in trouble and unemployment is high do you really want to throw more people out of work (government and public workers)and on to the dole (public assistance) whose budget you are also trying to cut? That sounds like a recipe for disaster as well.

Consolidation doesn't equal mass dismissals, especially not in the private sector. However, an administration must ensure efficient work and it must cut back redundant structures. You cannot let an incapable system be it as it were and simply pour more ressources into it.

[Mordoror]

I cannot be arsed to justify my point of view in front of you, for we both won't be going to change each other's opinions.
Hollande has proposed spending that will defy the cuts which would've been necessary to stabilize national spending. Even the ridiculously high taxes he suggested won't counter finance his budgeting, not to mention that I cannot see why the state should have the right to take three quarters of a person's income now matter how rich them are.
As for who's spending more than budgeted, that's not the point. It's how an administration structures its finances and whether it is willing to discipline itself in terms of spending and make provisions to pay back debts or at least reduce borrowing. Germany does that right now and whilst we're doing it we're coming out of the crisis better than all the others. In fiscal year 2015 we're going to have a balanced budget and we've even forbidden ourselves - with an amendment to the constitution, not hollow promises - to make new debts. I can't see a Socialist government accomplish such a feat.

I'd rather live under a dry spell for some time than pass a country on to my children that's bancrupt and ruined. The self-centred and future-ignoring attitude of my fellow Europeans, who only seem to care about their own entitlements, scares me.

Ah muck, muck, muck
The self-righteousness of the Germans never cease to amaze me
So let's take your arguments point by point (and let's get beyond this Hollade this, Hollande that chit-chat)

You know that more and more economists say that cuts are harming our economies more than increase of spending, right ?
The mechanism is cristal clear : cut a lot of helps (to business, to companies, even to individuals) and you'll have more un-employement, more companies closing and so less tax returns so mechanical increase of the debt. That's what is happening right now in, let me guess : Greece, Italy, Spain and UK
All are applying the "germanic" fiscal stringency and all in double dip recession

And you can blind yourself too but the German economy is beginning to contract itself because of the recession of its neighbourhood (who are your first customers btw)
So more and more economists are calling for an investsment programm (like an Euro New Deal) that will launch back the economy
Is it so stupid or are we bound, for ideological sake, to reach the Marianna Trench just because Germany, due to its history and mentality is visceraly against emitting support bonds for this kind of policy ?

Now let's back to mister Chamallow (Hollande). I don't know what he has promised and i don't care because it will be lies like any politician
But let's say he tries that new deal policy (something that is beginning to make its way in european economical circles) i don't think that it may be worse than now if he do it wisely
Meaning supporting industries and launching structural programs
Now if he spends all on social this is another matter
But again debt by itself for a state is not a bad thing if on the long term it brings back the money borrowed
But i know that it is something hard to understand for Germanic Protestant raised people

[KoTeMoRe]

I cannot be arsed to justify my point of view in front of you, for we both won't be going to change each other's opinions.
Hollande has proposed spending that will defy the cuts which would've been necessary to stabilize national spending. Even the ridiculously high taxes he suggested won't counter finance his budgeting, not to mention that I cannot see why the state should have the right to take three quarters of a person's income now matter how rich them are.
As for who's spending more than budgeted, that's not the point. It's how an administration structures its finances and whether it is willing to discipline itself in terms of spending and make provisions to pay back debts or at least reduce borrowing. Germany does that right now and whilst we're doing it we're coming out of the crisis better than all the others. In fiscal year 2015 we're going to have a balanced budget and we've even forbidden ourselves - with an amendment to the constitution, not hollow promises - to make new debts. I can't see a Socialist government accomplish such a feat.

I'd rather live under a dry spell for some time than pass a country on to my children that's bancrupt and ruined. The self-centred and future-ignoring attitude of my fellow Europeans, who only seem to care about their own entitlements, scares me.

Again, where are your facts. You are offering nothing to substatiate your opinon. I am just telling you. Point , in his program the overblown expdenditures. He has already a 9 billion euros freed from 2011 as they were used to recapitalize (again) Dexia and Co.

Again, I am not asking you your OPINION. I am asking you Facts and promises. What Hollande might do from there, only DOG knows. But you cannot as per
11:10 PM blame HOllande for stuff he has not done, yet. This bias and utter lack of factual thinking is relatively annoying, but not as much as the knee jerking about saving money. We are on a intertwined and integrated european economy. If you do not spend, you will have to save that money at your bank or invest it. IE that money will be circulating, like it or not. Only you would simply not profit from it at all, while others will. And these others usually reinject it in the economical circuit that you would be boycotting. Ergo making it shrink, and impossible for the borrower to reimburse its debt and you would have lost your money on the long run.

As for Germany, you still are Net borrowers, just like France. Having a *bigger* economy masks the fact that the Borrowing done by Germany is nearly the same as France. Now we are not going to talk about facts because they simply do not count. From June onwards, France will have a new policy, which might make them renounce to the automatic borrowing of once upon a time.

Now here is a neat graph from the IMF. Look at the borrowing spikes.

http://www.tradingeconomics.com/fran...-imf-data.html

Late Mitterrand 2 and Mid Sarkozy. So again what does this tell us? Please? NB: There is an intermediary borrowing spike, guess what was the French Budget having from 1999 to 2002 (besides a World cup and an Euro cup)? A surplus.