Want a flutter on Greece leaving the euro zone? It may already be too late. A surge in bets has forced Britain's biggest bookmakers William Hill Plc and Ladbrokes Plc to suspend betting on the odds of Greece dropping out.
The failure of Greece's leaders to form a government has renewed speculation that Greece could be forced out of the single currency.
William Hill said the level of betting on Greece quitting first was such that it had become too risky to continue taking bets, with the odds pushed right down to 1/4.
"We've had Greece as hot favorites for some time but increasingly it was becoming the only one that people wanted to bet on," said a spokesman for William Hill, Britain's largest betting firm.
"It wasn't a healthy situation for bookmakers. We found it was virtually impossible to make a book."
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#2
The Globalists will continue to push hard to set up these post-Nationalist, OWG = proto-Space Govt-Order, Regional + Trans-regional + Continental Federal Unions [+ higher] regardless of the serious "birth/birthing" problems or crises.
* Lest we fergit, YOUTUBE > OBAMA WHITE HOUSE ECON ADVISOR: WE NEED A GLOBAL MINIMUM TAX.
"GMT", + it not Greenwich Mean Time.
And where one has a Minium Tax, one also has a Maximim tax.
Add the above to recent Pert diatribes on the MSM-Net about setting up a "PAPERLESS/CASH-LESS/$$$-LESS" NEW GLOBAL MONETARY CREDIT SYSTEM using Swipe Cards.
Aka replacing Tree = Paper-derived $$$ in favor of Oil-derived Plastic Cards in the era of both alleged "Peak Trees/Wood/Forests" + "Peak Oil/
Resources".
AH "GREEN TECHS", RIGHTEOUSLY SAVING THE ENVIRONMENT = BIOSYSTEM BY RIGHTEOUSLY WIPING IT OUT - 'TIS GOOD FOR KIDDIES, MINORITIES, + SPACE!
PARIS -- French President-elect Francois Hollande suggested Friday that the government of outgoing leader Nicolas Sarkozy underestimated the country's budget problems and wants a new audit of France's books.
The back-tracking on all promises made during the campaign begins. Everyone now under the bus, or whatever it is they drive around in France...
But Hollande, a Socialist elected Sunday to lead the world's fifth-biggest economy, said that wouldn't hurt his ability to fulfill campaign pledges. Those include higher taxes on the rich, thousands of new teaching jobs and freezes on some government spending.
You can always increase taxes and it always works. Ask any socialist...
And Hollande stuck to his own deficit reduction goals despite new European Union figures released Friday that paint a bleak picture for France and the whole eurozone.
"I have known for several weeks that there was a greater degradation than the outgoing government said there was. We conclude that this is a confirmation," Hollande told reporters in the central city of Tulle.
He said the new figures do not necessarily mean he has less room to maneuver after he takes office Tuesday. "No, we had already expected this," he said in remarks shown on French television.
He's just laying out a marker here so that in the future he can point back and say, "it's all Sarkozy's fault." We've seen this in the U.S. where Champ is still blaming Bush for everything.
He said he's asked for an audit of France's budget by the Cour des Comptes, budget watchdog. The audit is expected to be completed by late June.
The European Commission predicted 0.5 percent growth for France this year and 1.3 percent next year if current policies are maintained. Hollande is aiming for 1.7 percent growth next year.
The commission forecast that the deficit would be 4.2 percent next year, well above the 3 percent Hollande is targeting.
Higher taxes will cause the French wealthy to move their assets to London. The deficit will become worse. Hollande will raise more taxes to compensate...
Hollande campaigned on promises to end a push for austerity started under Sarkozy, saying France and other European countries need government stimuli to get back to growth. Sarkozy argued that more government spending would only push debts up higher and worry markets and investors.
Continued on Page 47
Posted by: Steve White ||
05/11/2012 11:26 ||
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#1
Ollande more apathetic before swear in than the obaminator.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
