Category Archive: Macron

Germany Refusing to Pay for Others

 

Unknown
Merkel, caught between a rock and a hard place

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 →

Macron Wants to Reform Europe so He Can Reform France

Paris, France: Macron is pushing Europe, i.e. Germany, for greater integration but so far he is just pissing in the wind.

 

EMMANUEL_MACRON_PORTRAIT_OFFICIEL.0
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 →

France Reform: Macron Takes On Labor Aristocracy’s “Special Regimes”

Unknown
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 →