France Demands more Cash from Germany
by Tom McGregor    Sun, May 6, 2012, 05:22 PM
Right after winning the French presidential election, Francois Hollande called German Chancellor Angela Merkel and the European Central Bank to demand more funding to spend on Obama-style stimulus projects in the country.

The Daily Mail of London reports that, “Europe was plunged into fresh economic chaos last night as France rejected austerity and elected a tax-and-spend socialist president.”

Hollande defeated Nicolas Sarkozy on a campaign platform to tear up last December’s unpopular deal to save the euro from collapse.

According to the Daily Mail of London, “the inexperienced Mr. Hollande is now seeking talks with the European Central Bank and German Chancellor Angela Merkel to demand further borrowing to boost growth.”

Hollande appears bent on destroying the euro as the single currency for the European  Union.

To read the entire article from the Daily Mail of London, link here:

This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Share This Story on Facebook
Comments (1)add comment
written by Ken Dickson , May 07, 2012

get ready for plunging stock prices, utter confusion in the European markets, & hostility between the members of the European Union for such stupidity! Higher taxes & more giveaways & will not work here nor will it work there!

Write comment