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Tag Archives: France

Downturn Is Here

Confirmation that it wasn’t a shallow Rhine and emissions regulations. Something big is going on in Europe, Germany first. And if the German economy stumbles, particularly its industrial and manufacturing sector, we can reasonably infer its cause – the entire global economy is suffering. As is standard practice, when weak data began showing up last year it was attributed to anything, everything else. Europe was downright booming, they said, so there was no possible way for a macro negative...

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Europe’s new-generation nuclear plants stagger over the start line

Years late and massively over-budget, Europe’s first EPR nuclear plants in Finland and France are on the verge of “energizing”, as the sector jargon goes. Barring last-minute glitches, this will be the final act in what must be the longest-running construction saga in the region. Finland’s 1993 vote to reject plans for a fifth reactor was one of the first stories I covered as a trainee. Readers of Power in Europe were already bored witless by all the back-and-forth on the topic when, in 2002,...

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‘Paris’ Technocrats Face Another Drop

How quickly things change. Only a few days ago, a fuel tax in France was blamed for widespread rioting. Today, Emmanuel Macron’s government under siege threatens to break its fiscal budget. Having given up on gasoline and diesel, the French government now promises wage increases and tax cuts. Italy has found competition in the race to violate EU fiscal guidelines. Around the rest of Europe, the question is being asked. What happened? Economists. They fooled Europeans into believing the...

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It’s Booming, Alright

In most cases, it all seems so far away. I write about the shrunken global economy all the time. The evidence is all around, and yet still somehow it seems like some remote dreamscape. Human evolution hasn’t prepared us to be able to accept something so big and unconscionable. Most people’s initial response is, “what do you mean the economy has never recovered from 2008?” When French officials put together the country’s budget for 2018 last year they therefore added an enormous gasoline tax....

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eMac Rising: Macron Addresses Joint Session of Congress

eMac (Emmanuel Macron)  is emerging has emerged as the new “leader of the free world.” He was well received by the U.S. Congress today in an address to a joint session. Remember Freedom Fries? Today’s speech on Capitol Hill by the French president marks a long way from 2003 when the cafeteria in the three House office building changed the name of “french fries” to “freedom fries” in a rebuke to France for not supporting the U.S. position in Iraq.  Ditto for “french...

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The Herd Mind

Authored by Dan Sanchez via The Foundation for Economic Education, The State is a state of mind; it is the herd mindset itself. Randolph Bourne famously wrote, “War is the health of the State.” This has long been the byword for anti-war, anti-state libertarians, and rightly so. But Bourne did not mean exactly what most libertarians take this phrase to mean. To understand the maxim’s original meaning, as Bourne used it in his great unfinished essay “The...

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Traub: “The US Has Reached The Last Stage Before Collapse”

Authored by James Traub via Foreign Policy, The United States of America Is Decadent and Depraved The problem isn’t Donald Trump – it’s the Donald Trump in all of us... In The History of the Decline and Fall of The Roman Empire, Edward Gibbon luridly evokes the Rome of 408 A.D., when the armies of the Goths prepared to descend upon the city. The marks of imperial decadence appeared not only in grotesque displays of public opulence and waste, but also in the collapse of faith...

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EU Militarizes Africa To Halt Migration

Authored by Finian Cunningham via The Strategic Culture Foundation, Fighting terrorism is now morphing into clamping down on human migration, as far as the European Union is concerned. France’s President Emmanuel Macron is leading the charge, claiming at a conference in Paris last week that terrorism and human trafficking are part of the same problem, requiring the deployment of a military force spread across Africa. The melding of the two concepts provokes serious legal and moral...

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“A Stunning Rebuke”: 128 Nations Support UN Call For Trump To Withdraw Jerusalem Decision

One day after Trump escalated his war of words with the UN, threatening to cut off foreign financial aid over today's UN vote on the president's decision to recognize Jerusalem the capital of Israel, the United Nations on Thursday delivered what has been dubbed a "stunning rebuke" of the US President's Jerusalem decision, voting overwhelmingly to condemn the move and calling on the U.S. to withdraw the decision. The final vote was a landslide against Israel, with some 128 nations voting in...

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Martin Armstrong Warns “The Sun Is Cooling Faster Than Anyone Suspected”

Authored by Martin Armstrong via ArmstrongEconomics.com, The danger from the Global Warming crowd is that they are misleading the entire world and preventing us from what is dangerously unfolding that sparks the rapid decline in civilization – GLOBAL COOLING. I previously warned that this is not my opinion, but simply our computer. If it were really conscious it would be running to store to buy heating pads. This year will be much colder for Europe than the last three. It will...

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