Originally posted on metaretriever2:
In a few hours we will know the results of the first round of French presidential elections.
Hollande and Sarkozy will face each other in the second round of presidential elections.
And the winner is … Hollande !
Francois Hollande : President of France.
Hollande on his first trip as president , will visit Germany.
Merkel will congratulate Hollande.
In a joint press conference that will give , will highlight the need for closer relations between France and Germany.
It will highlight the HISTORIC FRIENDSHIP between these two countries … !
The ECB will increase rates by 0.25%.
By the 10th of June France will lose yet an A (maybe two) of the credit standing.
The interest rates will be prohibitive for Italy and Spain.
Upheaval in the global market.
The IMF and the ECB will emphasize that Spain and Italy are too big to be rescued.
At the end of June, the markets will begin to calm down somewhat.
Begins the period of summer vacations.
Slightly markets calm.
Filled the Mediterranean coast by tourists.
Exactly the same :p
The markets are in despair.
The spreads of Spain and Italy reach 9%.
Commission and heads of state of the eurozone meet.
They decide that austerity should be continued in order to recover the budgetary of the States that have problem.
Italy and Spain must immediately make spending cuts.
The Parliaments of two countries disagree with their governments.
Government crisis in…
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