The results are in for the 2012 French and Greek Elections with Socialism being the big winner. In the French Presidential Election, French President Nicolas Sarkozy lost to Francois Hollande in a close race, 51.9% to 48.1%. The polls had been much worse for Sarkozy in the days leading up to the vote as the French media did its best to smear him. In the Greece elections, the pro-bailout New Democracy, Communist and Pasok parties fell short of winning a majority of seats, earning only 150, an even half of the Parliament. Perhaps they will be able to sway one member from another party to join them in forming a new government. Either way, it was very clear now that both France and Greece will be much more difficult in efforts to go along with austerity measures as part of any German-bank led bailout program.
Europe is still in economic trouble. Both England and Spain are ′officially′ in ′double-dip recessions′ now. The unemployment rate in Spain now tops 25%, with Greece not far behind at 22%. When it comes to younger adults, under the age of 25, both Spain and Greece have unemployment rates above 50%. The Euro currency remains very weak, and will probably continue to fall now that 11 of the 17 nations have voted in Socialist-leaning governments.
So we can expect another long, hot summer in Europe, full of riots, nationwide strikes and general civil disorder. Who knows? We may even get to see whole nations default and go bust this summer, too! There is little doubt that at some point, the European Union will collapse, dragging down the global economy with it, including the United States. Of course, we are not far from default either, thanks to Barack Hussein Obama spending money our great grandchildren will hypothetically earn. I hope they will come to appreciate Obama’s generosity with their labor and money 30-40 years from now!
The 2012 French and Greek election results show that the people of Europe have had enough of austerity and want to return to the good old days of Socialism. Of course, they are only committing economic suicide in the process, but then lemmings and moths are self-destructive by nature, too. So we bid French President Nicolas Sarkozy a fond farewell now that he has been defeated by Francois Hollande. Sarkozy can now spend more time with his sexy wife. Meanwhile, France and Greece will be giving Angela Merkel and the German banks a hard time about fiscal responsibility. Perhaps the European Central Bank can borrow the printing plates from the Bank of Zimbabwe and get a head start on making Trillion-Euro bills?