Asian shares slide after French election –

[Opera House staircase, Paris, France] (LOC)

[Opera House staircase, Paris, France] (LOC) (Photo credit: The Library of Congress)

This is an interesting article from the FT. Check it out!

Asian shares slide after French election –

Personally, I sense that the financial markets will put France on the ropes even before President Hollande is sworn in to office. With a socialist, anti-austerity manifesto, markets will struggle to reconcile this with France’s weak financial and competitive positions. I fear we shall see France quickly linked with the Med countries of Greece, Italy, Spain and Portugal. The election of a French Socialist President will also pose a problem for Angela Merkel who may well be the next major politician to fail on the word of too much austerity.

What do you think?

One response

  1. Like dominoes they fall.The chaos caused by corrupt bankers, greed and credit continues its cancer like spread claiming lives as it goes.
    We need a new system a new way of thinking but I fear before we reach that point we will have to suffer a worsening of the situation.

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