Tag Archives: France

Mish/ Mike Shedlock – Flight To Safety : German 2-Year Bonds Yield Hits-Zero; Eurozone Officials Tell Countries To Prepare For Greece Exit – 24 May 2012

The once taboo subject of a Greek departure from the eurozone cracked in the past couple of weeks, primarily with threats to Greece.

Today the exit discussion dam broke wide open as Eurozone tells members to make contingencies for “Grexit”

Euro zone officials have told members of the currency area to prepare contingency plans in case Greece decides to quit the bloc, an eventuality which Germany’s central bank said would be “manageable”. Continue reading

Mish/ Mike Shedlock – Germany Rules Out Eurobonds For 104th Time; Damned If They Do, Damned If They Don’t – 23 May 2012

I have no idea what the actual number of times Germany Has ruled out Eurobonds. It could be 504 or even 1004. I Made up the number 104 which simply means “a lot”.

Nonetheless, the Eurobond idea resurfaces every other week or so, and every time, someone from Germany (typically Merkel, the Bundesbank, or the Finance Minister) rules them out. Continue reading

John Ward – Creditag Results Drop 75% AS A Billion Written OFF In Greece – 11 May 2012

Slog warnings fulfilled as anaylsts’ estimates trash

Following three days of confident predictions by The Slog that Credit Agricole SA, France’s third-largest bank by market value, is in trouble based on Greco-Spanish exposure and subsidiary ownership, the bank announced this morning (Friday) that first-quarter profit dropped 75%.

This was twice the level of fall expected by an average sample of analysts earlier in the week. Net income fell to €252 million (from 1 billion a year ago) . The average analyst’s estimate was €482. Continue reading

BBC News – Socialist Francois Hollande Wins French Presidency – 6 May 2012

Socialist Francois Hollande has been elected as France’s new president.

He got about 52% of votes in Sunday’s run-off, according to early projections, against 48% for centre-right incumbent Nicolas Sarkozy.

Mr Sarkozy has admitted defeat, saying: “Francois Hollande is the president of France and he must be respected.”

Analysts say the vote has wide implications for the whole eurozone. Mr Hollande has vowed to rework a deal on government debt in member countries.

(Read the whole story : http://www.bbc.co.uk/news link to original article)

Common Dreams Staff – Court : Monsanto Guilty Of Chemical Poisoning In France – 13 February 2012

A French court Monday found US agriculture giant Monsanto legally responsible for the poisoning of a farmer with one of its herbicides in 2004.

Paul François, a cereal farmer in the southwestern department of Charente “Monsanto is responsible for Paul Francois’ suffering after he inhaled the Lasso product… and must entirely compensate him,” said the judgement from the court in the southeastern city of Lyon.

In 2004, Paul François, a cereal farmer in the southwestern department of Charente, opened the tank of his pulveriser machine. He inhaled fumes of Lasso, a weedkiller manufactured by Monsanto, and fainted.

He was taken to hospital and stopped work for almost a year, reports radio station France Info. He suffers from memory loss and often feels faint.

* * *

Reuters is reporting:

A French court on Monday declared U.S. biotech giant Monsanto guilty of chemical poisoning of a French farmer, a judgment that could lend weight to other health claims against pesticides.

Farmer mixing Lasso, a Monsanto herbicideIn the first such case heard in court in France, grain grower Paul Francois says he suffered neurological problems including memory loss, headaches and stammering after inhaling Monsanto’s Lasso weedkiller in 2004.

He blames the agri-business giant for not providing adequate warnings on the product label.

The ruling was given by a court in Lyon, southeast France, which ordered an expert opinion of Francois’s losses to establish the sum of damages. […]

“I am alive today, but part of the farming population is going to be sacrificed and is going to die because of this,” Francois, 47, told Reuters.

“I am alive today, but part of the farming population is going to be sacrificed and is going to die because of this”He and other farmers suffering from illness set up an association last year to make a case that their health problems should be linked to their use of crop protection products.

The agricultural branch of the French social security system says that since 1996, it has gathered farmers’ reports of sickness potentially related to pesticides, with about 200 alerts a year.

http://www.commondreams.org link to original article

Reports of ‘Tough Year Ahead’ for Eurozone Sets Stage for Further Austerity – 5 January 2012

By Nelson D. Schwartz of the The New York Times link to article:

Protesters hold a banner which reads “no to the austerity policy, raise the salaries” during a demonstration to protest against austerity measures in Paris, Tuesday, Dec. 13, 2011. (AP Photo/Michel Euler) “Europe’s leaders are bracing their nations for a turbulent year, with their beleaguered economies facing a threat on two fronts: widening deficits that force more borrowing but increasing austerity measures that put growth further out of reach.

“French President Nicolas Sarkozy will meet Jan. 9 with German Chancellor Angela Merkel to discuss a new fiscal treaty intended to impose stringent budget requirements on European Union nations. Continue reading

France Bans Cash Sales of Gold Silver over 600 dollars

France Bans Cash Sales of Gold Silver over 600 dollars via Prisonplanet.com 26th Sept.2011

US Money Funds Lending Cuts To French Banks Seen Forcing Sale Of Assets

US Money Funds Lending Cuts To French Banks Seen Forcing Sale Of Assets by Christopher Condon  via Bloomberg.com

 

My Comment: As event follow each other quickly. The fraud system should be replaced swift.

French Credit downgrade imminent !!! European markets to collapse

Watch with discernment: French Banks credit downgrade are forecasted. We will see if it happens. The consequences are mayor.

Witness saw Sarkozy take cash for campaign, says judge

Witness Saw Sarkozy Take Cash for Campaign Says Judge via Euronews.net