French Unemployed Hits Record High, Hollande Demands EU Budget ‘Must Be Adapted’

French Unemployed Hits Record High, Hollande Demands EU Budget “Must Be Adapted” (ZeroHedge, Oct 24, 2014):

France’s President Francois Hollande states confidently that “everyone should respeoct treaties,” then ‘Junckers’ it with this stunningly hypocritical bullshit, “budget rules must be adapted” to support growth and France “has done what it has to do” on its deficit… one glance at the following chart suggests that Hollande has done nothing and has been enabled by Draghi… What a farce!!

French Unemployed Hits Record High

So:

  • *HOLLANDE SAYS `EVERYONE’ SHOULD RESPECT TREATIES
  • *HOLLANDE SAYS FRANCE RESPECTS DEFICIT TREATY WITH FLEXIBILITY

But:

  • *HOLLANDE SAYS FRANCE `HAS WORK TO DO ON REFORMS’
  • *HOLLANDE SAYS COUNTRIES WITH SURPLUSES SHOULD SUPPORT DEMAND
  • *HOLLANDE SAYS BUDGET RULES `MUST BE ADAPTED’ TO SUPPORT GROWTH
  • *HOLLANDE SAYS FRANCE HAS `DONE WHAT IT HAS TO DO’ ON DEFICIT

How long before Schaeuble explodes?

1 thought on “French Unemployed Hits Record High, Hollande Demands EU Budget ‘Must Be Adapted’

  1. Another widening crack in the EU facade. If it breaks apart, and members start moving their own way……goodbye to the EU and the US dollar. The EU is keeping the dollar afloat, most other nations have abandoned the dollar in favor of Putin’s basket of currencies.

    Putin’s basket of currencies isn’t exactly a panacea, look at what has happened to Japan’s currency. Their loss of business is due to Fukushima, their fool plan to copy the FED and print a huge amount of currency fell flat, and after decades of deflation, they now suffer with hyper inflation. The basket of currencies plan forces nations to play with what they really have, not what a few greedy guts decide.

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