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Sarkozy: Euro Too Strong

Wall Street Journal Original article ›
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President Sarkozy on what the euro means for France. Sarkozy told employees of the Airbus plant in Toulouse, France, that the euro was good for France. The single currency had protected France during the economic crisis. "Alone, France cannot resist outside pressures. France is going to borrow 180 billion euros in the financial markets this year to finance 35 years of accumulated budget deficits. Thanks to the euro we can borrow at 3% or a bit more; at the beginning of the 1990's we were paying 10%," he said. He added that "dismantling the euro zone would be like dismantling Europe... I will do everything I can to preserve the euro. He also emphasized that "we can't share the same currency and have different economic strategies," and called for macroeconomic and structural convergence in economic policies.
WSJ Original article ›
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 Franco German differences are growing as Macron of France and Merkel have serious differences on NATO, Russia, EU expansion with Balkan countries, and a eurozone budget. Macron has called NATO brain dead. Merkel disagrees. The personal relations between the two leaders never close have worsened. 

On climate change Macron's push to cut in half greenhouse gas emissions in Europe was supported by Merkel but only after much wrangling within Merkel's own coalition government. German conservatives in the CDU fear it disproportionately hurts a heavily industrialized country like Germany. And most Germans are wary of the Macron idea of more EU integration after the experience with Greece and Italy, suspecting that Germans will have to pay the bill. EU officials say personal relations between Macron and Merkel now border on animosity.

France 24 Original article ›
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French youth are an important part of the protests in France in extending the retirement age from 62 to 64 years. A neuropsychologist at a Paris hospital says "are there any social benefits they haven't rolled back," in this report in FR24. Youth feel that the reform asking workers to work longer in the current situation in France is basically unfair at a time when workers are facing a cost of living crisis and are just coming out of a once in a century pandemic. And with the stress on schools, hospitals and older people, the shrinking savings of workers and families as pandemic period benefits are being phased out. In the US and Germany there is support for working families during the cost of living crisis, much less so in France, and even less in Britain. France is facing protests and possible strikes, Britain has strikes across health, transport and education. 

France 24 Original article ›
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French president Macron speaking on the Dixmude helicopter carrier on the French port base of Toulon- "Our nuclear forces contribute through their own existence to the security of France and Europe," says French president Macron. He said France will assess "all the consequence" and develop "a new security architecture" on the continent after peace returns to Ukraine. France is the only nuclear deterrent power in Europe and nuclear deterrence will continue to be kept "credible and modern." Macron pointed out that "Europe is not sheltered anymore from missile and drone strikes and we must integrate this reality." Macron was unveiling a national strategic review that will show how its defense will look in 2030. France will also budget for "influence" to fight the kind of war used by Russia and Mr. Putin to undermine the thinking and to "manipulate civilian populations." ...
France 24 Original article ›
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The rule requiring health pass showing one is fully vaccinated goes into effect in France starting July 28 at restaurants, coffee shops, trains, and other public places. For the first week restaurants will not be fined. After this they can be fined 1500 euros for a single violation. The passe sanitaire in France is now required  for all public places where more than 50 people gather, such as events and museums including the Louvre in Paris. It will be extended to restaurants, cafes and shopping centres in August.

French premier Castex says 97% of the 18000  daily average new cases in France, up by 150% since the prior week, are from the unvaccinated. This has made health authorites and the government concerned about the delta variant high transmission rates and the high proportion of people still not vaccinated. For France this poses risk of a new kind of fourth wave, causing the government to take strong action to accelerate vaccinations.

Original article ›
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The possibility that Marie Le Pen would support Jean-Luc Melenchon's France Unbowed party on the left for a no confidence vote against Francois Bayrou, the new PM of France appointed by president Macron. Socialists under Francois Hollande and the Greens say they will wait to see how Bayrou performs.

France 24 Original article ›
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"250 million doses of vaccine Made in France, that's our goal," says French president Macron, as French firm Delpharm manufactures final vaccine products in vials of the Pfizer vaccine at its factory in France. This should boost France's vaccination drive which got off to a slow start.

WSJ Original article ›
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Emmanuel Macron wins a second term in France's presidential election with 58% of the vote, about 8 percentage points less than for his first term win. During that time Macron had to take a resolute stand against the pandemic, against terrorist incidents in France, and help build back better for the French economy to lower unemployment. In the previous election Macron was a new face and in today's election he had weathered several crises and faces a new one in the form of an invasion in Europe.

New York Times Original article ›
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The efforts in Alsace on the border between Germay and France to make the European experiment work with two systems, cultural experiences and lifestyles. This happens at a time of high unemployment in French Alsace and many job openings in German Alsace for German speaking people of Alsace. The debate in France is underway on what things need to change for the French system to work taking into account cultures and different national experience. A keen awareness on both sides of the border- in German Emmendingen and French Selestat- that the European experiment works best when people on both sides of the border do well. It is also a microcosm of the debate underway in the larger European society with different cultures in Northern and Southern European countries, with a focus on improving competitiveness while respecting and not denigrating cultural differences. After reunification Germany faced high unemployment and the costs of unification, and made changes in the economy, with close cooperation between business, universities and the government. It is often forgotten that Germany's low unemployment took years to achieve. A similiar process is in its early stages in France....
dw.com Original article ›
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UK Labor party leader is ahead by 20 percentage points over the Conservatives and Rishi Sunak. He meets France's Macron to discuss future British relations with EU and France. He had a similar meeting with Mr. Scholz before the election in which Social Democrats and the Greens became the leading parties in the government.

France 24 Original article ›
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France has made the health pass for coronavirus mandatory for leisure and cultural venues starting July 21. The health pass will be mandatory for having a coffee, eating at a restaurant, or shopping in a mall from the beginning of August. The health pass is already in use in some form in many European Union countries. Denmark and Austria are using it for 2 months. Germany and Portugal are using it regionally depending on where the epidemic is severe. Greece which has a surge of tourism in summer from other EU countries is making it mandatory starting July 16 for entry into shops and restaurants. It was the absence of  any form of constraints on behavior in places such as Croatia with high tourism in summer that increased the surge in Germany and Austria last summer. Italy and Ireland are planning to make vaccination mandatory following France as the number of cases from the variants increase. Establishments that are violators of the mandatory rule in France will be fined 45,000 euros and persons responsible having to spend 1 year in prison. The mandatory rule has significantly increased the number of people seeking vaccination in France.      ...
The Wall Street Journal Original article ›
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US Naval Blockade Day 10- US stock markets up 4.1% for 4 months, oil price $95 a barrel, prices at pump $4.02 down from $3.94 a month back. If all the US seeks out of an agreement is getting nuclear material out of Iran to keep nuclear weapons out of the Middle East based on 5 decades of war in the Middle East- Afghanistan, Syria, Iraq, and now Iraq/ Lebanon- this is to protect the people of the world from nuclear weapons, including China, India, Brazil, Russia, EU and other nations. This was the goal of Democratic administrations also, only the Republican approach is to err on the side of safe and take zero chances on future nuclear escalation while the Democratic administrations were based on trust, trust which is not a sure thing in the Middle East political and cultural environment. Some of DJT comments were bluster, but the basic position is the same- against nuclear proliferation for a safer planet. In this light the Naval Blockade only seeks not to block Iran's path to a prosperous economy and a bright future for its people. Iran's economy is affected in the same way that India's and China's, Africa's is affected, for upwards of 4 billion people compared to 100 million for Iran. Africa, Pakistan and Bangladesh, Indonesia, among the poorest in the world, poorer by far than Iran. The economic impact on this part of the world is not part of Iranian perceptions. The economic impact on Gulf kingdoms an adversary of Iran is by comparison only a small fraction of the impact on the poorest countries. In this situation US is working to support the poorest segments of the Chinese people ( the part of China in the hinterland that is the one third not urbanized) and the Indian people through its cooperation and direct or indirect support. In this perspective the US economy stands as a steadfast support for US policy of fairness and respect for all nations since 1900- US is not one of the colonial powers such as Britain and France who created some of the artificial states Syria, Iraq, out of the remains of the collapsed Ottoman Empire in the interest of their Empires by 1921, and setup regimes in Iran for its oil, that are the source of today's problems and wars. No Empire of Britain and France promised Iran $28 billion as this Nation does today if Iran ships nuclear material out of Iran for a 100 percent shift to a peaceful Middle East that works for the modernization and industrial development of its economies in the interests of the people. ...
New York Times Original article ›
Wall Street Journal Original article ›
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The Swiss National Bank made the decision on September 6, 2011, to set 1.20 Swiss Francs to the Euro as the support level for the Swiss Franc. The Swiss National Bank will buy euros in "unlimited quantities" whenever the Swiss Franc falls below the 1.20 francs level. The purpose of the move is to protect exporters and the tourism industry, which are a critical part of the Swiss economy.
Wall Street Journal Original article ›
BBC News Original article ›
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Who is Jordan Bardella, at age 28, from Seine St Dennis suburb of Paris, who as BBC reports never went to university, has no experience in government, and never worked outside of the RN National Rally party except one summer at his father's company. Is he the right stuff to run France asks BBC reports. Macron calling snap elections gives little time to National Rally to come up with a more experienced candidate. BBC News looks at Jordan Bardella and the role he has played in Marine Le Pen's RN party in France. BBC says until recently it would have been inconceivable that France would have a candidate this young and lacking experience.

Washington Post Original article ›
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Liz Sly of the Washington Post provides this exceptional account of the different phases of the war in Syria originating in 2011 with the Syria democracy protests, suppression of protests by the Assad regime, civil war by 2012 , Russian intervention by Putin, the U.S. under Obama and France under Hollande on the sidelines in 2012-2014. The result is a breakup of Syria by 2014 with coastal areas under the Assad regime supported by Russia and Iran, the Kurdish controlled areas, areas controlled by various rebel groups, and the control of other areas by Islamic State which also gained control of Mosul in Iraq. France conducting an air campaign in Syria in 2015 in response to terrorist attacks originating in Syria. With a number of foreign countries involved in support of Sunni and Shia factions in the conflict, the Turks opposing Kurdish autonomy, the U.S. supporting Kurdish forces after withdrawal from Iraq under president Obama, the situation by the beginning of 2016 was much more complex than in 2011. The five year period led to a situation where half of the population of Syria of 22 million is displaced or turns into refugees, about 2 million in refugee camps in Turkey, and 500,000 seeking asylum in Germany and Austria. In Iraq an additional 2 million are displaced or refugees with the Sunni-Shia conflict. Understanding of the events and insights over these 5 years can be gained from the group- "Events for the democracy protests and the struggle for freedom in Syria." The intervention of foreign countries and the missing element of U.S. leadership in the region in 2011-2015 as the U.S. and France remain preoccupied with economic crisis, lead to a situation where most Syrians decide to leave the country entirely. ...
France 24 Original article ›
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France's support to Taiwan in upgrading a 6 ship Lafayette frigate fleet supplied in 1991. In 1992 France supplied Taiwan with 60 Mirage jets. 

POLITICO Original article ›
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In May 2023 Germany's Scholz overruled Habeck to let sale of 24.9% of Hamburg port to COSCO go through. Here is how over 2000-2016 China build its world class network of containerized shipping ports while the second Bush added the war in Afghanistan to the wars in Iraq started by Reagan/Bush. Without defense costs China built this world ports network. Piraeus in Greece, south of Athens, a port concession acquired in 2004 Antwerp in Belgium (Austrian Netherlands), a minority stake in a container port acquired in 2008. In 2013 with sale of Terminal Link ports in a Cosco 49% stake deal by CMA of France CMA holding 51%, China has stakes in Zeerbrugge and Antwerp, Busan South Korea, and Le Havre, Montoir and Fos in France, Xiamen in China, Miami and Houston in US. Rotterdam, Netherlands- Cosco acquired in 2016 a 35% stake in Euromax Terminal in Rotterdam from Hong Kong's Hutchison's Holdings for $125 million. Valencia and Bilbao majority  51% stake for $270 million, when JP Morgan paid as much as $950 million to ACS of Spain for these ports after the 2009 crisis led to Spanish divestments. Today measured in TEU shipping containers China sends goods to Europe 10 times what it takes in through Spanish ports. ...
France 24 Original article ›
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The MBS visit to France by Mohammed bin Salman of Saudi Arabia is part of the changing situation in Europe after the war in Ukraine. The EU needs Saudi Arabia on its side as it makes the transition to renewable energy after a cutoff of Russia gas supplies. In this transition Germany and France will be looking for additional supplies from the Gulf region.

The Times Original article ›
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Comment by a former Tory leader, Sir Ian Duncan Smith, on negotiations with the European Union's Ursula Leyen, show how much the term sovereignty has become the word on which everything depends. Smith said on December 10 about the EU demands that Britain adhere to EU environmental and other rules after leaving the EU, "either Britain is sovereign, or it is not."  The word sovereign is discussed in this context in this Times analysis. The word comes from the old French word "sovereinete" during the period when the King's authority was being contested by feudal lords in 16th century France. The Oxford dictionary defines it as the authority of a state to govern itself, and to do this without outside interference. Tory leaders such as David Davis and others including Smith see this as meaning making your own laws. For the European Union to insist on its laws being primary and British law asked to conform with EU law making it secondary, would not only be outside interference, but also divided authority. Older French and British political philosophers Hobbes and Rousseau see this as divided authority. Even though the meaning has changed in modern times, the essential definition in the Oxford Dictionary remains undivided authority. Which is why these Tory leaders insist on the original definition as the right one. Behind the wrangling there is the sense among Leavers that Britain could do better in economic terms by setting its own direction, and doing business its way. How would a new economic power in India by 2030 affect Britain, would it create many more opportunities for Britain to grow because of its history and cultural ties. Could the relationship with the U.S. provide more opportunities for growth? What about French indifference and even disdain of Britain, does Britain have other options? Isn't the European Union merely a Franco-German alliance led politically by France and economically by Germany, and propelled by their three wars since 1871, with a bunch of European countries added in, and what has Britain got to do with it? Closer to the negotiations with Leyen there is also the question - isn't France trying to make certain with its demand that Britain not violate EU law, that Britain's ingenuity and free wheeling spirit outside the European Union does not let it grow faster than France? Where one gets Boris Johnson's immediate reply that Britain is better off not being stuck inside "EU's regulatory orbit."   At the other end of the world you have India with "Atman Nirbhar Bharat" calling for a self-reliant economy and taking the time for transitioning out of the trade relationship with China, at short term cost and long term advantage. Britain is closely watching India as it makes big strides in developing infrastructure, in renewable energy, and setting a bold vision for the future. Even France is mapping out a pathway to self-reliant economy as it looks at ways to bring production home after the pandemic. The pandemic has only reinforced the drive to be self-reliant. ...
France 24 Original article ›
LyrArc Article Gist
French president Macron on a dawn to dusk two week effort to prove that he takes voter concerns for the cost of living for pensioners, elderly, young people, poorer communities in rural areas and smaller urban areas very seriously now that inflation is surging. The French presidency is seen in the Gaullist tradition as invested with huge concentration of powers, forgetting that De Gaulle helped bring about the major social changes in France by bringing farmers across France from scattered small plots to the modern agriculture and technology that was unknown in rural areas, and investing heavily in infrastructure building to build a modern France. The strong presidency itself was designed to give the president the power to make these changes.

France 24 Original article ›
LyrArc Article Gist
President Macron announces plans to bring a draft law that aims to fight separatist cultural influences in France through the education system and through children being educated at home. These separatist influences stem from France's colonial past in Arab North Africa and influx of Arab immigrants as well as immigrants from Asian countries practicing Islam. Macron said there has been a hardening of positions in Islamic communities worldwide which has created a crisis in Islam making it important to emphasize France's tradition of secular values. Macron says Islam practiced in France must be freed from foreign influence as part of France's long tradition of laicite or state secularism values set by a law first enacted in 1905 separating church from state. In saying this Macron said he accepted the failings of French policy in letting ghettoization of communities of Muslim residents happen in France. And added that "where we stepped away other stepped in." In referring to the colonial legacy he said "we have not unpacked our past. We have grandparents who have passed their scars onto their children." ...
New York Times Original article ›
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Patrick Modiano wins the Nobel Prize for Literature in 2014. His work is on the search for identity, and is based mostly on France during the Occupation and after World War II. Le Clezio is the other recent Nobel Prize Winner for Literature in France. Clezio travelled widely and one of his novels Onitsha is based in Nigeria. By contrast Modiano is less well known outside France and writes for a smaller audience. Modiano expressed surprise on hearing the news. A German with a similiar post World War II theme covering a similiar period is Heinrich Boll, who won the Nobel Prize for literature. The focus in Boll is the hardships in Germany following the war. The war raised many questions inside France and Germany in the postwar years.
WSJ Original article ›
LyrArc Article Gist
French parliamentary elections on June 11 and June 18 for 577 seats follow the May 7, 2017 presidential election. The Republican Party plans to contest all the seats, and its representatives say that its ideas are well accepted in France, that only the candidacy of Fillon was not successful. The Socialist Party also plans to contest the election. Analyst Krumbmuller of OpenCitiz consultancy says local connections matter, that the two mainstream parties have established local connections and should do better than candidates put up by Macron's En Marche movement. Macron has little time to prepare effectively for the parliamentary election, making it likely that in the end a cohabitation agreement between a prime minister from the Republican or Socialist parties and a president from outside these parties would take place. 


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