Trampa501 Posted April 21, 2012 Share Posted April 21, 2012 (edited) French political risk In its global macro outlook report, investment company Schroders said on Friday that its eyes were on France amidst ongoing euro zone concerns and despite the uncertainty surrounding Spain. The upcoming elections could thwart France’s plans to implement State budget cuts, the Schroders paper highlighted, while the European Central Bank refinancing lines would have ring-fenced the Spanish banking sector from liquidity scarcity, unlike Italy’s.“France is the euro zone member currently most vulnerable to political risk and the risks surrounding the implementation of austerity measures due to its upcoming presidential election. “Spain also remains at risk,” the analysts said, “but with Spanish banks holding plenty of liquidity post long-term refinancing operation (LTRO), it is relatively attractive versus Italy where banks and the government will likely need access to capital sooner and in larger size.” Edited April 21, 2012 by Trampa501 Quote Link to comment Share on other sites More sharing options...
SaintJay Posted April 21, 2012 Share Posted April 21, 2012 That's because they're worried the French are about to elect a commie who will spend a load of money they don't have. (Socialism is fine until you run out of someone else's money) Quote Link to comment Share on other sites More sharing options...
KingBingo Posted April 21, 2012 Share Posted April 21, 2012 The 3rd candidate wants a 100% income tax over €360k. The 1st most likely candidate wants an income tax of 75% on incomes over €1m. And that is relatively right wing compared to some of their policies. Quote Link to comment Share on other sites More sharing options...
thod Posted April 21, 2012 Share Posted April 21, 2012 The 3rd candidate wants a 100% income tax over €360k. The 1st most likely candidate wants an income tax of 75% on incomes over €1m. And that is relatively right wing compared to some of their policies. That would be Mélenchon. the communist candidate. What else do you expect from a communist? He wouldn't be very communist otherwise. The 3rd ranked candidate is LePenn of the National Front. She is more concerned about brown people than economics. Quote Link to comment Share on other sites More sharing options...
Guest Control Posted April 21, 2012 Share Posted April 21, 2012 That's because they're worried the French are about to elect a commie who will spend a load of money they don't have. (Socialism is fine until you run out of someone else's money) You forgot the second half. When the socialists run out of other people's money then the monetarists arrive and steal other people's stuff and flog it to their friends. Welcome to modern economics. Quote Link to comment Share on other sites More sharing options...
SaintJay Posted April 21, 2012 Share Posted April 21, 2012 You forgot the second half. When the socialists run out of other people's money then the monetarists arrive and steal other people's stuff and flog it to their friends. Welcome to modern economics. How long before we have a massive war? Quote Link to comment Share on other sites More sharing options...
neil324 Posted April 21, 2012 Share Posted April 21, 2012 Just watching the BBC news about the French elections. They was on the streets of France getting opinions. They was talking to a student training to be doctor who mentioned unemployment was not going to be a problem for her and she was just concerned that there seemed to be very little difference between the 2 main parties....Deja vu And that one promised to clear the debt within 3 years and the other in 2 years....................... Quote Link to comment Share on other sites More sharing options...
KingBingo Posted April 21, 2012 Share Posted April 21, 2012 The 3rd ranked candidate is LePenn of the National Front. She is more concerned about brown people than economics. Yes your correct on the 4h and 3rd. But..Lepenn is still a die-hard socialist in all economics matters. However because of the issue of immigration she is considered 'right wing' Quote Link to comment Share on other sites More sharing options...
KingBingo Posted April 21, 2012 Share Posted April 21, 2012 The French know how to deal with Corrupt Bankers Yes, they borrow increasingly large sums off them. Quote Link to comment Share on other sites More sharing options...
MrPin Posted April 21, 2012 Share Posted April 21, 2012 Isn't a "Schroder" a thing that keeps air in bicycle tyres? Quote Link to comment Share on other sites More sharing options...
frederico Posted April 21, 2012 Share Posted April 21, 2012 As soon as they get in power and have a chat with the Ecb et al re the trappings of power they'll be right back in line. Quote Link to comment Share on other sites More sharing options...
Mrs Bear Posted April 21, 2012 Share Posted April 21, 2012 Just watching the BBC news about the French elections. They was on the streets of France getting opinions. They was talking to a student training to be doctor who mentioned unemployment was not going to be a problem for her and she was just concerned that there seemed to be very little difference between the 2 main parties....Deja vu And that one promised to clear the debt within 3 years and the other in 2 years....................... There was something on TV the other day - interviews with small business owners. One said that for every 100 Euros he paid his staff, he had to pay another 75 in 'social taxes'. Apparently a lot more than UK equivalent, though forget the detail. Another said he'd given up - too expensive to hire French and too difficult to sack if they weren't up to scratch. He'd moved part of his business to Bulgaria where he was paying one Euro an hour compared to 15 in France. Quote Link to comment Share on other sites More sharing options...
billybong Posted April 21, 2012 Share Posted April 21, 2012 (edited) There was something on TV the other day - interviews with small business owners. One said that for every 100 Euros he paid his staff, he had to pay another 75 in 'social taxes'. Apparently a lot more than UK equivalent, though forget the detail. Another said he'd given up - too expensive to hire French and too difficult to sack if they weren't up to scratch. He'd moved part of his business to Bulgaria where he was paying one Euro an hour compared to 15 in France. For sure the 1 euro per hour Bulgarian workers will be up to scratch. "Another said he'd given up" - it's just a shame he couldn't be honest and say he hadn't given up he just wants cheap labour. Edited April 21, 2012 by billybong Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted April 21, 2012 Share Posted April 21, 2012 As soon as they get in power and have a chat with the Ecb et al re the trappings of power they'll be right back in line. The more EU politicians pretend they won't play ball, the more in their brown envelopes? Quote Link to comment Share on other sites More sharing options...
KingBingo Posted April 21, 2012 Share Posted April 21, 2012 Another said he'd given up The productive people always do under Socialism. Quote Link to comment Share on other sites More sharing options...
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