Paris Rioting hit mainly the chic districts, targetting the symbols of wealth and the 1%: 5-star-hotels, luxury cars, banks, jewelry stores…
After two weeks of Yellow Vest protests, government insults and deaf ears, President Emmanuel Macron is scrambling for answers but unwilling to compromise. There is a no-confidence vote is in the making, the left and right oppositions are calling for new legislative elections and an already weakened economy is teetering. This leaderless, grassroots movement by mainly angry, lower and middle income white French families, may still peter-out, and then again, as I wrote on November 22, in ‘France’s Deplorables Explained’ (Click here), it may not.
“A medieval peasant revolt with social media. An Arab Spring without the Arabs. Don’t underestimate the potential danger of the Yellow Vests.”
They are the ‘deplorables’ of France. They get up early and go to work. If they were American, they would be those that make up Trumps hardcore base but no French worker is stupid enough to believe a billionaire can represent their interests. In the 1960s and early 70s they would have voted Communist. Today they vote for Marine Le Pen’s National Rally and other hard right conservatives. The Yellow Vests are White and ethnic French. They are mad as Hell and won’t take it any more! (1.) Continue reading →
Emmanuel Macrons says Europe can no longer rely on the US for its security. He is calling for a European defense initiative which could sideline Nato and has begun bilateral talks with potentially willing EU members. He is even ready to discuss a separate security partnership with Russia. But so far the response is cautious. Europe does not seem ready for France to lead another Grande Armée. Continue reading →
The French government is proposing two new laws to ban ‘Fake News’ from the web during elections and journalists and the opposition are in an uproar.Those opposed to the laws say there is already legislation to protect candidates during campaigns and against libel. Those in the ruling En March Party, under fire from all sides, tried to clarify their position by making a distinction between ‘Fake News’ and ‘Fake Information.’ Continue reading →
German tax payers will not pay other people’s debt. This is in substance what the Chancellor, Angela Merkel, told the Frankfurter Algemeine Sonntagszeitung, June 3, when she said there could be no “union of the debt.” The comment was in response to news out of Italy that the new ‘populist’ coalition wants the European Central Bank to forgive 250 billion euros in Italian debt. The problem is, when you forgive debt, someone has to pay, and in Europe, that someone is Germany; the only EU country whose economy is strong enough to prop up the euro. Continue reading →
Paris, France: Macron is pushing Europe, i.e. Germany, for greater integration but so far he is just pissing in the wind.
Macron-the new wanna-be Emperor
French President Emmanuel Macron pleaded for more European cohesion while receiving the Charlemagne Prize May 10 in the German city of Aachen. With his eyes turned towards German Chancellor Angela Merkel, Macron told a captive audience that what is needed is a common eurozone budget — an idea the Germans don’t like and with good reason. Continue reading →
French President Emmanuel Macron, who is pushing through this month with labor reforms, has not waited for the street to react before attacking another elephant in the closet: the national train company, SNCF.
In the cross-hairs are France’s “special regimes”— certain public sectors where employees have benefits which go far beyond what normal public and private employees enjoy. The first to go, as soon as July 1, 2018, according to the daily Le Monde, will be the SNCF’s generous retirement program which is held responsible in great part for the monopoly’s 44 billion euro debt. Continue reading →