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LIVE STREAMING: Greece Election Results – June 17th, 2012

Latest update: Greece2012 91.41% total: ND 29.83 (129) Syr 26.78(71) Pasok 12.40 (33) IndGr 7.46 (20) GolDa 6.90 (18) DemLeft 6.16 (17) KKE 4.52 (12)

Greece: SYRIZA party says will not take part in a government that supports an EU/IMF bailout – Reuters

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via ZH:

Ignore the media spin of [...]

Eugene Robinson: Austerity as a bridge to nowhere

http://www.washingtonpost.com/opinio…y.html?hpid=z2

Eugene Robinson
Opinion Writer
Austerity as a bridge to nowhere
By Eugene Robinson, Published: May 7

Economic austerity is a dangerous, self-defeating intellectual fad. Perhaps I should say that’s what it was, given Sunday’s election results in Europe. Perhaps I should also say good riddance.

Voters in France, Greece and even Germany — a hotbed of the austerity cult — told their political leaders, in no uncertain terms, that boosting economic growth is more important [...]

Exit polls show Sarkozy has lost in France; Greek voters also turn on leaders

http://www.miamiherald.com/2012/05/06/2786366/exit-polls-show-sarkozy-has-lost.html

“French Socialist Francois Hollande appeared headed to victory over President Nicolas Sarkozy, according to exit polls of voters released by Swiss and Belgian news media.

Those polls showed Hollande with 52 to 53 percent of the vote in an election that turned on solutions for Europe’s economic crisis amid record unemployment in France.

French voters were still headed to cast their ballots when the exit polls were released in the early evening [...]

For the first time, Nicolas Sarkozy admits he may be facing defeat as he trails behind favourite in French election race

Opinion polls place Socialist Francois Hollande far ahead of president
Incumbent failed to make a dent in rival’s campaign during TV debate
Hollande ridicules Sarkozy: ‘With you it’s very simple – it’s never your fault’
President claims opinion polls ‘are lying’ 

Showing the signs of strain in the closely run French election, president Nicolas Sarkozy yesterday admitted that he might be defeated when voters go to the polls on Sunday. 

The political leader, who has [...]

What Is The Consequence Of Printing Money That Nobody Wants?

by Tim Price, Director of PFP Wealth Management and Sovereign Man contributor

Guest Post: What Is The Consequence Of Printing Money That Nobody Wants?

In a week that saw Britain slide into its first double-dip recession since 1975, we quite fittingly also saw evidence of the sort of insular bigotry and protectionist narrow-mindedness that one associates with that same ugly, painful decade, when Barry Sheerman, Member of Parliament, said:

“I’m getting increasingly worried about the [...]

Sarkozy the loser doesn’t deserve our support, Le Pen tells Far Right

Nicolas Sarkozy’s re-election votes are pinned on winning votes of six million who backed Marine Le Pen in first round
French stock market plunges 2.83% amid political uncertainty
Francois Hollande set to become first socialist French president for 17 years
Mr Hollande won 28.6% of vote in first round ballot, Mr Sarkozy 27%

Marine Le Pen dealt Nicolas Sarkozy a major blow last night by declaring he had ‘lost’ the election and refusing to [...]

FRANCE A FALL PREVIEW: Most polls show Hollande beating Sarkozy in a runoff.

FRANKFURT (MarketWatch) — French voters headed to the polls Sunday to cast ballots in the first round of the country’s presidential elections. The French Interior Ministry said 28.3% of France’s more than 44 million eligible voters had cast ballots by midday, according to cable news channel France 24. Polls remain open until 6 p.m. local time, or noon Eastern) in most areas and until 8 p.m. local time in large [...]

Jean Pisani-Ferry: France’s politicians are pandering to angry voters

From FT:

 

“La France compte 65 millions de sujets, sans compter les sujets de mécontentement”. From a political standpoint, the famous sentence by 19th century polemicist Henri Rochefort applies perfectly: French voters are angry and politicians are struggling to respond to their anger. But from a market perspective, there are only three serious topics: first, public finances; second, competitiveness; and third, the country’s stance in Europe. The question is whether the [...]

FT: Broken promises come back to haunt Sarkozy… Disillusioned French voters focus on core economic issues

From FT:

 

In the drizzle outside a post office in Fourmies, a once bustling town in the north of France, 25-year-old Adeline voices her frustration with President Nicolas Sarkozy.

“I voted for him in 2007 and I‘m disappointed,” says Adeline, who declined to give her second name. “He said he would help the youth but no one has helped us find work. The youth of today is lost – I’ll vote but I’m going [...]

Sarkozy warns France: Vote for me or end up like Spain

Nicolas Sarkozy warned French voters Thursday they should re-elect him as president to pursue his cost-cutting plans or face the kind of debt crises that have gripped Greece and Spain.

Speaking at the launch of his manifesto, just 17 days before the first round of voting, Sarkozy said France faced a “historic choice” between his austerity measures or a disastrous return to uncontrolled spending.

“Certain countries in Europe are today on the edge of a precipice,” he [...]

Germany wants new debate on EU constitution

(Reuters) - Germany wants to reignite a debate over creating an EU constitution to strengthen the bloc’s ability to fight off financial troubles and counter-balance the rising influence of emerging economies, Germany’s foreign minister said on Friday.

Guido Westerwelle said the bloc’s Lisbon treaty, drafted after Dutch and French voters rejected a proposed constitution in 2005, was not enough to keep European decision-making structures effective.

“We have to open a new chapter in European [...]