EU on brink: France declares 'state of economic emergency', Germany faces financial ruin.

EU on brink: France declares 'state of economic emergency' as Germany faces financial ruin.

Investor sentiment plunged as the socialist leader announced unemployment in France has surged to an 18-year high of 10.6 per cent - plunging the country into a new economic crisis.

It comes as Germany faces the most difficult start to a year in recent memory. Its own industrial production growth has slipped to ZERO per cent and customer confidence has plummeted in a catalogue of disasters for Chancellor Angela Merkel.

An increasingly desperate Mr Hollande has now said he will PAY French employers to hire people in a bid to boost jobs as he sought to restore confidence and said that it was time to address the country's "broken" economic model.

The plans will cost €2billion (£1.5bn) and are part of Mr Hollande's attempt to secure his chances of re-election when the country votes in the presidential election next year.

Germany and France are the two biggest economies in the eurozone. Germany, which has a GDP of $3.4bn and France, with $2.4bn, are two of the six largest economies in the world.

Experts have warned that if the economies of both nations crumble it would trigger a domino effect which would bring the entire eurozone crashing down and severely damage the global economy.

Mr Hollande is fighting against the rising popularity of far right parties that want to France to quit the eurozone and re-instate borders with Europe in a bid to tackle the problem.

The EU was a one-world, globalist creation hatched during a Bilderberg meeting.

March 2009:

A meeting in June in Europe of the Bilderberg Group - an informal club of leading politicians, businessmen and thinkers chaired by Mr Davignon - could also "improve understanding" on future action, in the same way it helped create the euro in the 1990s, he said.

"When we were having debates on the euro, people [at Bilderberg events] could explain why it was worth taking risks and the others, for whom the formal policy was not to believe in it, were not obliged not to listen and had to stand up and come up with real arguments."

It was supposed to be a model for the rest of the world. Erase borders, destroy sovereignty with the eventual goal of one world governance/government and a one world currency.

Anyone remember the "Amero"?
For the last decade, the EU nations have been collapsing under their own debt and this socialist one-world model. Latvia, Spain, Portugal, Greece, Ireland, Cyprus...

This is an excellent reminder of why socialism doesnt work and why it cant be sustained. Dont think the central banksters havent tried. They have been printing make believe money and providing "loans" from the beginning in hopes of saving this globalist creation.

So what does the French president propose? He'll PAY companies to hire people... WITH WHAT MONEY??? Your nation is already broke and in debt, you have negative equity. All this borrowing and spending of money you dont have is what caused the problem in the first place.

The "far right" ie the "radicals" want to quit the EU, they want their borders and sovereignty back, what a bunch of crazy extremists!

a reply to: gladtobehere

I am going to have to agree with the grumpy cat, "GOOD"!

We are going to inevitably see an end to the fiat money that has enslaved the world.

It is going to a very difficult road in which people are going to need to come together and help each other as we transition away from the corrupt systems that have been established, I remain optimistic about humanities abilitiy to do so!

The banksters that have planned this little experiment should be thrown in jail and the legitmate wealth they have stolen be returned to the people.

a reply to: gladtobehere

Love that shrewd looking cat - it knew.

I suspect these countries brought this on themselves because of their not dealing with the corruption within the EU which has filled so many private pockets decades ago. They are the two biggest and most powerful and once the rot sets in, it slowly erodes the whole system.

This will be an unimaginable tragedy if it indeed happens. The chaos it will bring to people's lives we haven't seen in the EU since WW2. That will be compounded by all these extra people who, under the current financial situation are in truth nothing but resource demanding nuisances - which countries with collapsing economies don't need and certainly can't employ.

This is terrible and I know if the UK decided to leave it will be even worse should the EU be able to stagger on till we hold our referendum.

YES! Finally it's happening, times coming will be hard but hopefully when we come out of the hell we're about to enter things will be so much better!!

For too long they've been artificially propping up this corrupt and septic system, it's about time the leg was kicked away so it all falls down

a reply to: elementalgrove

I have always had that ugly feeling that Greece has been the experimental ground to test how far these financiers can go without getting drummed into prison for fraud.

As Greece has been persuaded to take on more debt, I was horrified to learn that the money lent to it, secured against every bit of asset that poor country owns and heaven knows what else, will not benefit one Greek by one Euro.

The loans to keep Greece afloat were made not to improve impoverished Greeks lives, but purely to service Greece's debt. The Greek leather clad ex finance minister let that little gem of information slip into an interview.

Hey, I'm a global finance guy....we should have failed by 1985, really

after coming completely off the gold standard....we had 12 years....but the computers created derivatives and the world went right in after the call to don't worry....be happy...new system.....good gravy...that's illogical and evil really....

that's where Greenspan came from....he had a program to figure how to set up after the fall.....back in the 60's even. how to establish the new money....huge problem....

our new money better be real pretty, colorful....yezz.....probably based on a basket of commodities....

a reply to: gladtobehere

Margaret Thatcher was so right about other people's money.
F&S-- and I also place in nomination Sourpuss for Ambassador
to Great Britain. I have my reasons, mostly the chin-up ala
Sir Winston. One must love him or perish..

The multinational experiment in socialism is just as dismal a
failure as the individual principalities trying it. Maybe worse,
if you would consider how many more hidden fingers in the
tax pie.

a reply to: gladtobehere

The "far right" ie the "radicals" want to quit the EU, they want their borders and sovereignty back, what a bunch of crazy extremists!

As stated in the article you posted, This will not end well for the individual EU nations if the EU falls apart.
To say that this is a good thing is incredibly misguided, yes the European countries gain their sovereignty back but at what cost? Complete and utter economic despair that will drive people and their families into poverty...Also the central banks will still have a strangle hold on them and they'll be reverting back to the old system. How is that in anyway good..You seem to be underestimating how bad the consequences of such actions could be for all of Europe and on top of that the global economy.

I seriously think you should reconsider your stance on this issue.

The economies of most of the industrialized countries is very unstable. They are based on economic growth instead of being judged on secure and stability. Germany is trying to switch over so it is reasonable to say they should not show growth. Growth of economy is a very poor way to judge an economy.

The US started the practice of using growth to value the economy and it is a very stupid system. I think France is looking at this too and maybe slowly implementing the change. Of course, the people who want the American system will bash the attempt to break away from their ideology of growth and risk being important. Maybe Germany will not crash and burn after all and turn back the clock to an economy that can weather the upcoming storm.

There is no way that the present economic policy of the world can keep chasing the path of economic growth as it's path without falling off the cliff at the end of the path. Just because a bunch of countries are doing it does not mean it is right.

a reply to: gladtobehere

I am eager to see the EU fall as well. I am an anarchist at heart.

Europe is looking up – some good news to start 2016

www.telegraph.co.uk...

originally posted by: elementalgrove
a reply to: gladtobehere

I am going to have to agree with the grumpy cat, "GOOD"!

We are going to inevitably see an end to the fiat money that has enslaved the world.

It is going to a very difficult road in which people are going to need to come together and help each other as we transition away from the corrupt systems that have been established, I remain optimistic about humanities abilitiy to do so!

The banksters that have planned this little experiment should be thrown in jail and the legitmate wealth they have stolen be returned to the people.

All money is fiat, even gold and silver are fiat. Hoping for currency collapses is short sighted.

originally posted by: Metallicus
a reply to: gladtobehere

I am eager to see the EU fall as well. I am an anarchist at heart.

Historically all periods of anarchy have resulted in tyrants taking power after a few years, as a result cheering for anarchy is actually a vote against the ideal you seek, most likely if governments were to lose power they would be replaced by multinational corporations at this point. Would you really prefer a system of corporate rule where you have no say on decisions or who has power to a system where you have some semblance of a vote?

originally posted by: Aazadan


All money is fiat, even gold and silver are fiat. Hoping for currency collapses is short sighted.

No. Gold and silver are commodity monies.

you can call the corporate welfare scheme socialism.....but it aint what people get for the same word....

originally posted by: gladtobehere
EU on brink: France declares 'state of economic emergency' as Germany faces financial ruin.

...[excerpted from OP]

The plans will cost €2billion (£1.5bn) and are part of Mr Hollande's attempt to secure his chances of re-election when the country votes in the presidential election next year.

Germany and France are the two biggest economies in the eurozone. Germany, which has a GDP of $3.4bn and France, with $2.4bn, are two of the six largest economies in the world.
...

Considering Germany's GDP is right about $4 Trillion (About 1,200 times more than what the source credited them with), I'm trying to figure out whether the French pay-to-hire plan is really 2 billion, not 2 trillion Euros. If 2 billion is enough to make a difference, they should absolutely do it. That's practically no money at all relative to their GDP.

What they obviously need are more open borders and more migrants.

a reply to: gladtobehere

FYI :

The current chairman of the Bilderberg comitee is the Frenchman Henri De Castries.
He is the current CEO of French bank/inssurance group AXA.
He graduated from the French ENA in 1980. He was part of the 'Voltaire' promotion alongside the current French President François Hollande.

originally posted by: Shiloh7
a reply to: elementalgrove

I have always had that ugly feeling that Greece has been the experimental ground to test how far these financiers can go without getting drummed into prison for fraud.

As Greece has been persuaded to take on more debt, I was horrified to learn that the money lent to it, secured against every bit of asset that poor country owns and heaven knows what else, will not benefit one Greek by one Euro.

The loans to keep Greece afloat were made not to improve impoverished Greeks lives, but purely to service Greece's debt. The Greek leather clad ex finance minister let that little gem of information slip into an interview.

Aye Shiloh, I agree with your sentiment here.

The system that has been created and used quite masterfully to enslave the world hides behind its proclamations of benevolence yet when one looks around the world, the painful truth is self-evident.

I don't understand what the problem is here? If these countries' currency fails, they still have all the resources to create the things they need. So why, just because the money is broken, do they think that they'll be unable to provide for themselves. I mean honestly, are humans that dependent on bits of paper and metal to think that without a "currency" they can't do anything? I'm sorry but that's just nonsense.

If you really believe that the world needs to change and that corruption needs to be destroyed then start by destroying the root of the issue, CURRENCY/MONEY.

I have to disappoint all you doom-proners , but Germany does not have financial problems, its industry is growing as usual and Schäuble (treasury secretary) did announce a surplus regarding the GDP in the tens of billions.

Sources needed? Because I too lazy to quote several German newssites.