Britain shackled to the corpse of Europe

ruggedtoast

Reading this right wing neo-liberal drivel makes me hope that Hollande really does turn out to be a real radical left winger and just totally trashes 'them' in France.

http://www.dailymail.co.uk/debate/article-2140532/Francois-Hollande-French-president-Britain-shackled-corpse-Europe.html

Step 1. Abandon the euro completely and default on all French debts issued in euros. Any French citizen holding a euro denominated debt created under the fractional reserve system is forgiven.

Step 2. Create a new currency (the 'franc plus', or "franc formidable" or something.)

Step 3. Abandon the fractional reserve system altogether and take back state control of the money supply.

Step 4. Reissue enough currency to create solvency and recapitalise the banking system, informing bankers they are only allowed to lend money that exists, rather than create money that doesn't to lend to people that can't pay it back, while they pay themselves massive bonuses for doing nothing of value whatsoever. If they want another billion Franc Formidables to invest in something they can go to the central state bank and explain in clear lucid terms exactly why it is a good idea that they be allowed to do so. Maybe there could even be a national vote, a little like an actual democracy.

Step 5. Inform the world markets that the previously defaulted on French euro debts will be repaid in Franc Formidables.

Step 6. Inform the world markets that if they don't want Franc Formidables they can franc off.

Step 7. Given them enough time to realise its not in their interests for the Franc Formidable to fail.

Step 8. Invite other countries to join.

I can dream, obviously he's just going to be another neo-liberal stooge, spending other people's money, building up debts for children who haven't been born and perpetuating the status quo, but I do occasionally like to imagine there may one day be an alternative to... this.

Thrugelmir

ruggedtoast wrote: »

Reading this right wing neo-liberal drivel makes me hope that Hollande really does turn out to be a real radical left winger and just totally trashes 'them' in France.

I don't think he expected to be elected and has dug himself a very large hole with his commitments and promises.

A._Badger

ruggedtoast wrote: »

I can dream, obviously he's just going to be another neo-liberal stooge, spending other people's money, building up debts for children who haven't been born and perpetuating the status quo, but I do occasionally like to imagine there may one day be an alternative to... this.

You mean like that other notorious Right wing 'neo-liberal stooge' Gordon Brown did?

MS1950

A._Badger wrote: »

You mean like that other notorious Right wing 'neo-liberal stooge' Gordon Brown did?

'Right wing'? - depends where you're standing.....

But 'neo-liberal stooge' certainly.

Wookster

A socialist talking about reneging on debts they owe.

What a surprise... socialists always want to do 'big' things with other folks money.

paddyrg

Bless France - don't they realise European integration is what has kept Germany in Germany since the 1940's? ;-)

michaels

Do the French run a trade surplus? Otherwise not being able to pay for imports like food and oil could be an economic challenge under the OPs scenario...

StevieJ

ruggedtoast wrote: »

Reading this right wing neo-liberal drivel makes me hope that Hollande really does turn out to be a real radical left winger and just totally trashes 'them' in France.

Oh no, not more from that G**S***e Hannon? I thought he had crawled away back under his stone

Running_Horse

1.2 Euros to the Pound.

Can't wait for our French holiday.

StevieJ

Running_Horse wrote: »

1.2 Euros to the Pound.

Can't wait for our French holiday.

It used to be 1.70 :eek: when Europe was not on the edge of an abyss.

jjlandlord

Hollande and his party are very much pro-EU: They will certainly not leave the euro, and they will certainly not renege on any debt.
Considering the French's debt he will also continue to watch his country's debt rating very carefully.

During his campaign Hollande was careful not to say much about these topics, knowing full well that his options are very much restrained.
The only thing he promised as obvious new expenditure is to create 60,000 education jobs, but he also said that he would balance the books by 2017. So we'll see where the most pressure will come from.

michaels wrote: »

Do the French run a trade surplus? Otherwise not being able to pay for imports like food and oil could be an economic challenge under the OPs scenario...

France is a net exporter of food by quite a margin, so I'm not worried there