View Single Post
  #3  
Old February 13th, 2010, 03:19 PM posted to alt.activism.death-penalty,uk.politics.misc,aus.politics,rec.travel.europe
PJODONOVAN
external usenet poster
 
Posts: 5
Default French Banking Chief: Collapse of Euro "INEVITABLE"!

On Feb 13, 8:06*am, "PJ O'Donovan" wrote:
French Banking Chief: Collapse of Euro "INEVITABLE"!

DailyMailUK

By SAM FLEMING and TIM SHIPMAN
Last updated at 11:29 PM on 12th February 2010
Comments (298)

Excerpts:

"The European single currency is facing an 'inevitable break-up' a
leading French bank claimed yesterday....

...The stark warning came as the euro slipped further on the currency
markets and dire growth figures raised the prospect of a 'double-dip'
recession in the embattled zone.

The bailout of Greece will only act as a 'sticking plaster' for the
Euro crisis, the bank warned yesterday

Claims that the euro could be headed for total collapse are
particularly striking when they come from one of the oldest and
largest banks in France - a core founder-member.

In a note to investors, SocGen strategist Albert Edwards said: 'My own
view is that there is little "help" that can be offered by the other
eurozone nations other than temporary, confidence-giving "sticking
plasters" before the ultimate denouement: the break-up of the
eurozone.'....."

http://preview.tinyurl.com/PJs0213

Related CNN article earlier in the same day:

Fri Feb 12, 2010 03:45 AM

"Bindi Dupouy, an Australian living in Paris, and her French husband,
just had their first child, a son born in the country. Dupouy, a 28-
year-old lawyer, got almost five months paid maternity leave from her
company for the birth. She can take another seven months off beyond
that -- a year total -- , if she wants, with her job guaranteed under
French law.

Response:

FROM CNN SO IT MUST BE TRUE (LOL) THE ARTICLE ALSO EXPLAINS WHY FRANCE
IS ****ED

Another French response from a related thread:

"La France est un parasite. Trop nombreux parasites tuent l'hôte.
Ensuite, les parasites meurent."


One response out of 340 responses to this article at the current time
from a Brit:

"The EU countries will be forever fighting one another as one country
is favored above the other, the poorer states will resent the powerful
states and the powerful states will dictate the whole superstate. Not
much democracy here....why should a rich nation pay for the mis-
management of another badly managed nation? we will all be forever
held back.
How can it ever work?

- L Hacking, Manchester, 13/2/2010 14:44"