france just elected a so-called 'socialist', even though he has a number of capitalistic tendencies and leanings, but he is definitely way to the left of sarkozy
greece is in the process of ousting the majority of the parties that supported the IMF/EU bailouts/austerity plans
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france WAS germany's biggest ally in pushing austerity/IMF plans
the new france leader is planning on stopping austerity by raising tax rates on the "rich"
greece could easily be kicked out of the EU if the new leaders tell the IMF they won't cooperate anymore
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fun times ahead... lets hope JPM has got enough insurance on their billions in FX holdings
greece is in the process of ousting the majority of the parties that supported the IMF/EU bailouts/austerity plans
------
france WAS germany's biggest ally in pushing austerity/IMF plans
the new france leader is planning on stopping austerity by raising tax rates on the "rich"
greece could easily be kicked out of the EU if the new leaders tell the IMF they won't cooperate anymore
------
fun times ahead... lets hope JPM has got enough insurance on their billions in FX holdings