Tuesday, April 1, 2014

THE EU PLOT THICKENS




Not that long ago voters in France elected a president. At the time it was viewed by some as a mandate. But given France's economic woes, so much for mandates, real or imagined, as recent local elections seemed to suggest. Voters breathed new life into the center-right UMP. And President Hollande's party lost more local elections than it won

France has overshot the debt restrictions imposed by the Maastricht Treaty more than once. Now Hollande will be pushed to ask for more time, not a good thing when you're trying to get other countries to abide by the agreement when you can't do it yourself. That's called EU leadership.

http://www.marctomarket.com

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