Today, Mr. Hollande will officially become the next French president. He will then announce his government. While it will only be a temporary government for up to one month until the French Deputy elections it will nonetheless send a message regarding the direction of French economic policy and its relationship with the European project for […]
What We Can Expect From French President Hollande Read More »
Despite the Eurozone debacle the French are showing remarkable trust in the system, their banks and our beleaguered, battered and bruised single Currency. With one of the lowest personal debt ratios in the Eurozone, partly as a consequence of the French not over indulging in the sub prime mortgage debt binge that Brits gorged on
The French term Entente Cordiale, translated as “cordial agreement” or “cordial understanding”, was first used in English in 1844 to denote recognition of common interests between the United Kingdom and France. When used today the term almost always denotes the second Entente Cordiale, that is to say the written and partly secret agreement signed in
Sacré Bleu, La Fin De L'Entente Cordiale Read More »
In November 1959, the Joint Chiefs of Staff created the DEFCON system so that a uniform readiness posture could be prescribed in the various military commands. Since the system was introduced, portions of the U.S. military have been placed at higher readiness levels on numerous instances. The DEFCON level is controlled primarily by the President
RWN (Rating Watch Negative) = Financial DEFCON 2 For France Read More »
European and USA equities fell sharply in both the morning and afternoon sessions on Monday whilst the euro and commodities tumbled due to Moody’s Investors Service and Fitch Ratings stating that last week’s summit amongst EU leaders actually achieved very little in order to relieve the pressure on Europe’s struggling sovereign governments… French President Nicolas
Will Xmas Mark The Spot? Read More »
“It isn’t easy for an idea to squeeze itself into a head filled with prejudice.” The adage “the market can stay irrational longer than you can stay solvent” may have been in traders’ minds during the two trading sessions on Monday, or perhaps they considered the quirky alternative; “the market can stay solvent longer than
“It isn't easy for an idea to squeeze itself into a head filled with prejudice.” Read More »
UK Prime Minister David Cameron will be warned today that he risks creating an unstoppable momentum behind a “two-speed Europe”, which would be dominated by France and Germany, if Britain seeks to gain political advantage by making demands for too many concessions during the eurozone crisis. In a series of meetings in Berlin and Brussels,
Can A Two Speed Europe Be The Route Forward, Or Will The Divisions Render It Unworkable? Read More »
At times it’s worth taking a step back from chaotic situations in order to evaluate the damage. This also provides the opportunity to establish what measures have been taken to move away from chaos into effective crisis management. A clearer picture can then emerge as to how the damage is being contained, repaired and what
Déjà Vu, The Uncanny Sense That We've Been Here Before Read More »
Taking a step back it has been incredible to witness the ‘volte-face’ performed by Greek politicians. How quickly the door has been slammed in the face of the democratic process and how those politicians have re-grouped in order to protect the banks and markets is breath taking. Not once but twice in the space of
As Focus Shifts To Italy, Next In The Firing Line Will Be France Read More »
