New Democracy won the Greek election. However, party leader Antonis Samaras still needs to form a coalition.
If this seems like Déjà Vu, it's because it is. We were in the same place following the May election.
Does the Outcome Matter?
This go around, I expect Pasok will reluctantly cave in and form a coalition with New Democracy. The price might be high, such as demanding the much despised Antonis Samaras to step aside.
Regardless, does the outcome matter?
Not many people realize this but in spite of polling anywhere between 16% and 22% in recent election polls, Marine Le Pen might not be included on the French presidential ballot. The reason is Le Pen needs 500 signatures by elected official supporting her campaign. Le Pen says she only has 350.
I had been aware of this for some time but figured she could scrape up 500 signatures from a pool of 47,000 or so bureaucrats eligible to sign. Perhaps not.
In a feudal as well as futile attempt to keep wealthy French citizens from leaving the country, France hikes the "Exit Tax" on transfers of wealth to outside of France. They also lower the base and increase the number of things on which the tax applies.
PARIS (Reuters) - Francois Hollande has become the most unpopular French president on record, an opinion poll showed on Monday, with the Socialist leader hit by anger over tax hikes, unemployment and rows over the government's immigration policy. Hollande's popularity has sunk to 26 percent of those surveyed, the first time the BVA poll has seen a French president's approval ratings fall below 30 percent.
French president Francois Hollande wants to set the top tax rate in France at 75%, for those who make over €1,000,000 a year.
As a result "Les Riches" Have Tax Indigestion and are looking to move outside France.