French Presidential Elections - Boring or Important to Australia?

[Syndrome]

I think the same people who were wrong about Brexit and Trump are now incorrectly dismissing the potential impact of Marine Le Pen. People are fed up with the status quo and just want to shake up the establishment.

http://edition.cnn.com/2017/02/01/eu...ile/index.html

[marty351]

'Bout time!
Euro trash out. Couldn't govern their way out of a wet paper bag.

[superyob]

Absolutely important to Australia. The winds of change are upon the political landscape and they are for the better...

[Trump]

Whilst the so-called anti establishment movement will sweep through Frogland, the result of this election is of far less import to the rest of the world. France will be toast well before the US goes breasts up, but with far less repercussions being a failed power.

[superyob]

Originally Posted by Trump

Whilst the so-called anti establishment movement will sweep through Frogland, the result of this election is of far less import to the rest of the world. France will be toast well before the US goes breasts up, but with far less repercussions being a failed power.

I think Frexit would break the EU Senor Trump. That can only be a good thing...

[Trump]

Originally Posted by superyob

I think Frexit would break the EU Senor Trump. That can only be a good thing...

The only thing that will break the EU is the euro taking a bath due to CDS triggers.

[Syndrome]

We will all take a bath if CDS triggers.

[nstg8a]

What is cds?

[Trump]

Originally Posted by nstg8a

What is cds?

A credit default swap (CDS) is in rough terms a form of insurance in the event of a debt becoming unserviceable. The CDS is triggered when someone defaults on their debt and the holder of the CDS is paid out and takes possession of the debt.

A more lengthy description:

https://en.wikipedia.org/wiki/Credit_default_swap

The reason CDS triggers are exceptionally problematic is because there are $US525 trillion worth of them. The reason there are so many is because ANYONE can buy a CDS against a debt note, not just the relevant parties. If only 5% of those are triggered, it will be catastrophic as there isn't enough money in the world to cover them.

http://www.swapsinfo.org/charts/deri...al-outstanding

The US and Europe have the most exposure when it comes to these instruments, and hence why I said the euro would be toast on such an eventuality.

[marty351]

Countrys being swallowed whole.
Goodbye liberty.

[M&Ms]

Can't wait for the 'German Elections - Boring or Important to Australia?'

[cheap]

The EU is already dead, those in charge know it but won't say so. England will strike up numerous strategic bilateral trading deals with a few EU member states, each deal a little different from the next, each deal will be calculated to inflict further distrust towards the EU regime and its autocratic governance.

The only strategy the EU has is to plow more Euros to defend Greece, Spain, Italy etc, but the EU is kind of broke 😜

The French had best bail out of the EU because the last major county in the EU (i.e. Germany) will be writing all the cheques.

[Mainforcepatrol]

Originally Posted by cheap

The EU is already dead, those in charge know it but won't say so. England will strike up numerous strategic bilateral trading deals with a few EU member states, each deal a little different from the next, each deal will be calculated to inflict further distrust towards the EU regime and its autocratic governance.

The only strategy the EU has is to plow more Euros to defend Greece, Spain, Italy etc, but the EU is kind of broke ��

The French had best bail out of the EU because the last major county in the EU (i.e. Germany) will be writing all the cheques.

Just a little off topic but i did see a snippet on the news that Budapest were pulling their bid for the 2024 olympics so i gather their finances are not healthy like the majority of the EU.I think most of the public do not give a toss about the modern day olympics as they are that far removed from their original conception.Rio spent enormous amount on venues and stadiums and they are now left vandalised and empty and a country with the added debt of hosting the games.The Brazilian govt had to borrow more money to run the para games as they were not going to be run at one stage.Governments overate the economic benefit of staging the games in my opinion as only the sponsors and the corrupt ioc members are left to benefit while the tax payer picks up the tab.

[Syndrome]

[Itsme]

Do we actually take interest in frog politics!

[Trump]

Originally Posted by trublu

Do we actually take interest in frog politics!

Some, because how France plays out may well have a bearing on the future of the EU and ultimately the world. People seem to forget Europe was the world's power base prior to the US hegemony that began in the 20th century.

[superyob]

Originally Posted by Trump

Some, because how France plays out may well have a bearing on the future of the EU and ultimately the world. People seem to forget Europe was the world's power base prior to the US hegemony that began in the 20th century.

Oui monsieur. Those steenking Eeenglish think they are so good with their leetle Brexit. The world will gasp in awe when we tell ze Bosche to get the Frexit out of here!!!

Panzers??? In Pari??? Been done before???

[Trump]

Originally Posted by superyob

Oui monsieur. Those steenking Eeenglish think they are so good with their leetle Brexit. The world will gasp in awe when we tell ze Bosche to get the Frexit out of here!!!

Panzers??? In Pari??? Been done before???

(insert baguette and snail joke here, and something about cheese eating surrender monkeys)

[mcflux]

Originally Posted by Trump

(insert baguette and snail joke here, and something about cheese eating surrender monkeys)

You had me at "insert baguette"

[FairmontGS]

Boring.

[xtremerus]

Boring

[Maka]

Apparently if La Penne gets in there will be fun for some French dual citizenship holders, she's going to make them decide which country is most dearest to them & deport them if its not viva le France'..

France is unfortunately in a inescapable immigration / refugee mess, they tried the humanitarian thing like Germany & other countries but...

cheers, Maka

[MethodX]

How come you lot only care about the UK? ffs.
An EU in changed form would be ok.

Kick Greece out.

[superyob]

https://www.youtube.com/watch?v=ieKYwTFUV5Q

Glorious rebuttal of Merkel and her policies...

[MethodX]

Originally Posted by superyob

https://www.youtube.com/watch?v=ieKYwTFUV5Q

Glorious rebuttal of Merkel and her policies...

LOL too funny.
Ah well, hopefully the right get up in Italy too.

France should really look itself first though.

[Hardtopxb]

Originally Posted by superyob

https://www.youtube.com/watch?v=ieKYwTFUV5Q

Glorious rebuttal of Merkel and her policies...

I hope this women gets in. France needs to start to take back France..

[CoupeKing]

Le Pen broadening her horizons: https://www.youtube.com/watch?v=etXsmnDoTp0

[Syndrome]

Important weekend in France coming up.

http://www.indiatvnews.com/news/worl...-france-378228

[Syndrome]

http://www.telegraph.co.uk/news/2017...-france-stake/

[lgpking22]

la pen will fail the right are a minority just like the left both of them need to wake up to that fact