May 7, “Daily Telegraph” published an article titled “Hollande win is a symbol of the European recession,” the commentary, now full-text content are summarized as follows:
French President Nicolas Sarkozy (Nicolas Sarkozy, ) in the second round of voting in the election defeat, more than 30 years France’s first failure to achieve the incumbent president re-elected. At the same time, the presidential candidate of the Socialist Party, Francois Hollande Francois Hollande success winning 51.24% of the vote, was elected the new term of the French President. Sarkozy will be the transfer of power on the 15th and Hollande. Sarkozy’s defeat, the election of Fran?ois Hollande, the whole of Europe has brought a huge shock wave. Some analysts pointed out, Hollande, led by France’s new government will challenge the EU’s efforts to reach the tightening consistent. French Socialist Group President Jean Mark Herault (Jean-Marc Ayrault) said, “We must get rid of the trouble with the austerity policy of the whole of Europe. Soon, we will understand the various European government partners Hollande European choice. “ Hollande victory, no doubt will give Angela Merkel, German Chancellor Angela Merkel and British Prime Minister David Cameron David Cameron, has brought endless troubles. As we all know, Germany and the UK general election held in 2013 and 2015, respectively. Whether Angela Merkel, David Cameron, to cut budget spending is an effective way to solve large-scale debt crisis in Europe. However, because he insisted on the implementation of tightening measures, Merkel and Cameron in their respective domestic opposition incurred more and more resonant. If the general election held in September next year in Merkel opponent defeated, then change the balance of power within the EU occurs comedy. regardless of the next three years in Germany and the United Kingdom Council what changes can be sure that this change will give the European Union, especially in the euro area, to bring immediate and long-term recession. My colleague Daniel Hanna by Daniel Hannan, has written an article entitled “the United States Why not to repeat European mistakes, “the article. In the article, he pointed out that Western Europe’s share of global gross domestic product from 36% in 1974 to 26 percent in 2011, predicted in 2020 will decline to 15%. On the contrary, the U.S. share of global gross domestic product (GDP) has remained at about 26%. With the weakening of economic freedom, the EU Member States on the world stage increasingly competitive emerging economies from Asia and South America, strong growth in a very short period of time. In fact, the decades-long “big government policies, some European economies, reduced to this weak point. Soaring tax rates, high unemployment rate, a mountain of debt, dull labor supervision and severely damaged public expenditure have led to economies of these countries into the status of a stalled or even paralysis. At the moment, France has become a potent symbol of the EU recession. The French National Institute of Statistics and Economic data released on April 30, 2011, France’s public debt continued to rise, a record high. The end of last year, the public debt increased to € 1.7 trillion, accounted for 85.8% of GDP, higher than the government expected 84.9 percent, also higher than the 82.3 percent in 2010. At the same time, the proportion of government spending in GDP was 55%, equivalent to 42% of all domestic income tax burden. The analysis pointed out that in France this year, still for the euro zone permanent assistance tools – European stability mechanism (ESM) subscribed capital and a series of public spending, France’s public debt is expected before 2014 are difficult to control. is well known, on the one hand Hollande promised to the French fiscal 2017 balance (this Bisa Ke Qi promised a year later), on the other hand, openly expressed his opposition in France and other euro area countries the implementation of austerity policies. In addition, he also promised to renegotiate recently reached a financial agreement, which makes the market very disturbing. In my opinion, Hollande will give the French brought a terrible political nightmare, and the French people are enthusiastically embracing it. mesnil Gardner (NileGardiner,), the comment author, a former diplomatic adviser of the United Kingdom Margaret Thatcher’s cabinet. (Mina)Daily Telegraph: Fran?ois Hollande, the winner is a symbol of the European recession
Posted On Monday, 07 May 2012 By admin. Under Market Watch
