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By David Vance On June 6th, 2012 at 4:47 pm

I’m going to across in France for a few weeks from next week and I was greatly entertained by this decision by the new French President Elect, the renowned Socialist Francois Hollande. Yes we live in tough economic times so what to do? Yes...reduce the retirement age!!!

France’s new socialist government cut the country’s retirement age in the face of the eurozone’s deepening crisis, citing “social justice” to explain a move that goes against austerity efforts across the region. Workers who entered employment aged 18 will be able to retire at 60 rather than 62, under the decree agreed at a cabinet meeting yesterday.

Wonderful stuff. Just watch France melt down as the lunacy of unreconstructed socialism meets the reality of the Markets! Can’t wait!


By David Vance On May 18th, 2012 at 7:52 am

Francois Hollande – the all conquering Socialist hero of France, the man who had single handedly discovered the need for ..ahem…”growth”.  But also a little prudence...or so it seems.

France’s new government has held its first cabinet meeting and announced a 30% pay cut for President Francois Hollande and all his ministers. A campaign promise, the cut reduces Mr Hollande’s monthly salary from 21,300 euros to 14,910 (£12,000; $19,000). The cut contrasts sharply with predecessor Nicolas Sarkozy’s decision to increase his pay on entering office.

Hurray, a mere £12,000 a month must be hard for the millionaire Hollande to live in but at least it is a CUT.  Right?

Well, not quite…you see…

“Opposition UMP party argues that the new government has 14 more posts than Mr Sarkozy’s first cabinet. UMP Secretary General Jean-Francois Cope said that the wage cut could not hide the reality.” “Francois Hollande’s government is going to cost a great deal more to the taxpayer. As well as the extra 14 ministers, you have to add the dozens of extra colleagues.”

So – “a cut” that is “growth in spending”…..you get the picture. The madness of the Socialist in action…


By David Vance On May 15th, 2012 at 7:10 pm

Wonder if Francois Hollande is at all superstitious?

A meeting between German Chancellor Angela Merkel and Francois Hollande has been delayed by about two hours after lightning struck the newly sworn-in French President’s plane. It happened shortly after take off from Villacoublay airport just outside Paris and the plane was forced to turn back, a French government official said.

Wonder if it was an angry Greek God….?


By David Vance On May 14th, 2012 at 7:02 pm




By David Vance On May 13th, 2012 at 10:12 am

Just back from BBC debating the economy and I read this;

“Mr Hollande plans to implement a 75pc tax rate on earnings over €1m (£800,000), on top of a 45pc rate for people making €150,000 or more. He is also expected to raise “wealth taxes” on property assets and end his predecessor’s tax incentives to lure bankers back home.”

And the response?

High-earners are changing their behaviour so they appear safely based in London before any painful crackdown. “Partners are coming over to establish a track record of behaviour that is outside tax, from an early stage, so that they can respond quickly to what is coming down the track,” said a senior source at one private equity firm. “The exodus will mean a lot of France’s biggest earners relocate to London,” said a hedge fund manager. “It won’t be possible for everyone, but those who can make the switch will definitely be working on a contingency plan.”

One US bank was organising tax advice for its Paris-based staff, said a source: “Naturally people are concerned, and we are just trying to make sure we address those concerns.” The source insisted that it would not mean a wholesale exit from France, but rather that employees would be offered options. However, some staff have already formally asked for transfers, with most plumping for London. London, of course, already has a French population in the hundreds of thousands, with Chelsea and South Kensington – dubbed the unofficial 21st arrondissement of Paris – packed with French bankers and their families. All of France’s major banks have subsidiaries in the UK. But now the floodgates are creaking open.

Now WHO could have seen this coming? Socialists never learn because they are incapable of coherent economic thought.

Liberté, égalité, fraternité – BUT not Austerity!

By David Vance On May 11th, 2012 at 9:41 am

Francois Hollande threatens to block eurozone's new financial treaty

France under Hollande is going to be most entertaining! 

Francois Hollande has threatened to block the eurozone’s new financial treaty unless Germany agrees to renegotiate its stringent austerity measures. The new French president wants the treaty, seen as crucial to ensuring the survival of the single currency, to focus more on encouraging growth. Angela Merkel, the German chancellor, on Thursday told France that there was no alternative to spending cuts and painful deficit cutting measures, warning that “growth through debt” would take Europe back to square one. But Benoît Hamon, spokesman for Mr Hollande’s Socialist Party, said that the “politics of austerity” was failing to improve the continent’s financial crisis.

What amuses me most is the way that Leftists like Hollande present the issue as if it is a CHOICE between austerity and growth! We are being invited to believe that no one has even thought of “growth” until the idea entered Hollande’s head. Of course “growth” is a EU-phemism for the more dangerous word “Spending”, increasing debt.  Leftists still have not figured out that you cannot spend your way out of a spending induced recession but then again they also deny that reckless spending caused the problem in the first place! Instead, their narrative places the blame on “the banks” and as Hollande has plainly stated he sees financial institutions as public enemy number one!!!! This one may end with France becoming Greece!


By David Vance On May 8th, 2012 at 8:02 am

The mouse that squeaked;

New French president Francois Hollande launched an outspoken attack last night on Britain’s obsession with protecting the City of London from Brussels-inspired legislation. As David Cameron warned that the single currency is in ‘extreme trouble’, the socialist victor suggested that Britain is ‘indifferent to the fate of the euro area’ and ‘attentive only to the interests of the City’. This is despite the fact that billions of pounds of UK taxpayers’ money is already being used to prop up the basket-case currency.

Meanwhile, on the BBC this morning, economics pundit Stephanie “Two Eds” Flanders was doing her best to suggest that there is NOTHING radical about Hollande’s economic programme and that the markets have settled down! Amazing.

In a further instance of the Looney-Tunes regime now preparing for power in France, it’s reported that Martine Aubry will become Prime Minister, appointed by Hollande. Do you remember her? She opened the notorious Sangrette refugee camp which was the base for unwanted and illegal immigration into the UK. She also proved her Socialist credentials back in 2000 when she reduced the working week in France from 39 to 35 hours, wrecking French competitiveness. Combine this with his vow to crank up the top tax rate to 75%, increase the public sector, deny the need for deficit reduction, and you can see that Hollande is a radical, a true moonbat and he will wreck the French economy, you can bank on that. He will be cheered along every step of the way by an adoring biased media.


By David Vance On May 7th, 2012 at 4:07 pm

The French President Elect Hollande has declared that France will not accept the Fiscal compact agreed between Sarkozy and Merkel. Cue cheering mobs of Socialists and MSM exultation.

And as for Germany?

Germany has ruled out reworking the European Union’s “fiskalpakt” despite calls to do so by Francois Hollande, France’s president-elect.

Enjoy the fun, it’s JUST beginning.


By David Vance On May 7th, 2012 at 9:13 am

Vive le difference! The people of France have said enough to austerity and they have decided to choose hope in the form of the Socialist Hollande. Let’s review exactly what “hope” he offers;

He stands for cutting not raising the retirement age; raising not cutting taxes; increasing not reducing the size of the state sector; raising not cutting debt.

That’s an economic recipe that, if implemented, will destroy France and set off a chain of economic ruin across the EU. Of course Hollande is a fervent Europhile and wants to see ever-closer “integration” but the law of unintended consequences is that his uncosted utopianism will lead to self destruction should he actually pursue it as a course of action rather than a line of pre election rhetoric.

Would the last person leaving France turn out the light? Thanks


By David Vance On May 6th, 2012 at 7:09 pm

Yay! – as forecast France has chosen Francois Hollande, the Socialist candidate, to be President.  Sarkozy is now history. The delicious irony of Hollande ascending to the Presidency with his mad tax and spend polices is that it coincides with Disneyland Paris celebrating it’s 20th anniversary. I am sure we will see lots of Micky Mouse polices to follow.