Un premier sondage cruel, pour ne pas dire effrayant ! 59 % des personnes interrogées par le nouvel institut Odoxa approuvent le limogeage d'Arnaud Montebourg par François Hollande et Manuel Valls. Les sympathisants du PS sont même plus nombreux (75 %) à approuver cet acte d'autorité que ceux de la droite (57 %).
Mais, ce coup d'éclat ne renforce pas la confiance des personnes interrogées dans l'exécutif. Loin de là ! Huit Français sur dix pensent que la politique économique du gouvernement n'est ni juste, ni claire, ni efficace... "Même les sympathisants de gauche ne sont qu'une minorité à penser que cette politique sera claire (36 % seulement) et efficace (34 %)", souligne Gaël Sliman, président d'Odoxa. On ne pouvait cauchemarder pire résultat...

Le clou de ce sondage (*) est que le refrain de la dissolution entonné depuis plusieurs mois par la droite fait de plus en plus d'adeptes. 63 % des sondés demandent à Hollande de dissoudre, alors qu'ils n'étaient que 52 % en novembre 2013. Des résultats inquiétants car l'une des vertus d'un remaniement ministériel est de redonner de l'air et de la confiance à la nouvelle équipe. Un "effet de bord" positif totalement invisible selon l'institut Odoxa...

Mr Valls -another adolescent with no brains to be PM - like ROMANIA's PM

The first government of Mr Valls, who was appointed less than five months ago, fell on Monday after a row with Economy Minister Arnaud Montebourg. Mr Montebourg resigned along with two other ministers from the left. He will be replaced by Emmanuel Macron, a former Rothschild banker and ex-presidential economic adviser.

President Hollande is seeking a coherent line on economic policy after recent criticism from the left wing of his Socialist Party. Many see it as his last chance to make a successful presidency, after his recent poll ratings sunk to 17%.

Key portfolios unchanged - For the first time, a woman - Najat Vallaud-Belkacem - will be put in charge of education, replacing Benoit Hamon who also lost his job. Ms Vallaud-Belkacem was minister for women's rights in the last cabinet. Meanwhile, Fleur Pellerin has been made minister for culture, replacing Aurelie Filippetti who is also out of the government. Key ministers in the previous cabinet, like Foreign Minister Laurent Fabius, Defence Minister Jean-Yves Le Drian and Finance Minister Michel Sapin, retain their posts.... Valls and Macron will change France once and for all: the SP dissidents will be too cowardly to force dissolution of the National Assembly and new elections, the SP dissidents would rather have a few more months of National Assembly member privileges than fight for what they were originally elected for. Shame on SP dissidents, shame on the caviar gauchistes of the SP. Either the structural reforms can be enacted, or France will implode in street revolts, strikes, and more. The lessons of Greece, Spain and the US are that humans are passive in the face of government-decreed austerity, unemployment, foreclosure and homelessness....François Hollande’s new government only stifled voices of dissent from the left wing of his Socialist Party. These marginal changes simply mean that France is headed down the dark path to meet its destiny and as the second largest economy after Germany, France will take Europe as a whole with it. Hollande’s already unbelievable weak political standing both in France and his diminished respect within the wider European economy, will only have a very chilling impact that dooms France in the future. We are watching live how empires, nations, and city states die.

marx-4These governmental changes leave the direction of Hollande’s policy intact. Hollande is desperately trying to hold on to the theories of Marx that were born there in France. Hollande cannot connect the dots that socialism and communism failed for freedom belongs inherently to the people. He cannot grasp that if you told students in school they will all get the same grade regardless of their effort, you would soon destroy the purpose of education. Individual self-worth and achievement may invoke envy in the slackers, but it creates great civilizations among the enlightened. Hollande does not understand that this same basic concept applies in economics. We are people with equal right – not equal abilities or desires.

Lagarde indicted for fraud !!!!!!!!!!!!!!!!!!

The head of the International Monetary Fund, Christine Lagarde, was placed under formal investigation by French magistrates on Wednesday for her alleged role in a long-running political fraud case, a source close to the former French finance minister said.

The source said Lagarde, who was earlier questioned by magistrates in Paris under her existing status as a witness, believed the decision to investigate her for alleged negligence was unfounded and would appeal against it. A French judiciary source also confirmed the step. In French law, magistrates place someone under formal investigation when they believe there are indications of wrongdoing, but that does not always lead to a trial.

The inquiry into the tycoon Bernard Tapie has embroiled several of former president Nicolas Sarkozy's cabinet members, including Lagarde. Tapie, who supported Sarkozy in the last two elections, was awarded €403m in a 2008 arbitration payment under Sarkozy's presidency to settle a dispute with the now defunct, state-owned bank Credit Lyonnais over a 1993 share sale. Lagarde was finance minister at the time.

The latest monthly index of purchasing managers (PMI), from data firm Markit, found that France's economy continues to struggle. French manufacturing activity is falling at its fastest rate in 15 months. Growth in the country's service sector picked up, but the overall French private sector is flatlining after shrinking for the past three months. The composite PMI for the eurozone fell to a two-month low of 52.8 this month, down from 53.8 in July. Factory output weakened, with the eurozone manufacturing PMI falling to a 13-month low of 50.8, closer to the 50-point mark that separates expansion from contraction. Firms also reported that job creation had slowed to near-stagnation in August, suggesting that progress in cutting eurozone unemployment is stalling. "The ongoing subdued and fragile nature of the upturn in economic activity also remains too weak to encourage companies to take on staff in sufficiently large numbers to have a meaningful impact on unemployment," Markit said, warning that economic and geopolitical uncertainties are also deterring firms from hiring.Merkel is far more responsible than perhaps some others because she has ruled European economic policy by diktat. She has forced all of Europe to adhere to ideological Neoliberalism. Her policy of moralizing and condescension toward the people of Europe have caused more economic suffering than even the Great Depression created. The overwhelming failure of Neoliberal economic policy especially as practiced by Merkel has devastated millions of lives. These failures are not just for today but will continue to create gratuitous suffering and the rapid flow of wealth too the very top for decades to come. The rulers of today are ideologues who are making policy based of their own views and philosophy of Neoliberalism any sort of evidence has nothing to do with policy just - make the rich richer and everyone else, well get accustomed to life as we see it in Bangladesh (Neoliberal paradise) today.

"A sharp decline in the outlook for France’s industry suggested that the country will yet again see zero growth this quarter. 

Purchasing managers’ index (PMI) data for the manufacturing sector came in much weaker than analysts had expected this August.

Falling 1.3 points to 46.5, the figure remains well below 50, signalling that output in manufacturing is falling, according to Markit data published on Thursday."  The overall French PMI, including a “modest expansion” in the country’s dominant services sector, “masked the ongoing weakness in manufacturing”, said Jack Kennedy, senior economist at Markit.  Back in January I said France was in deep trouble and would be exposed during the second half of the year.
They have massaged the results to avoid declaring reentry into recession but that is where they are and it is getting worse.
They continue to allow the public sector to dominate GDP accounting for some 57% of activity. That is a disaster which they can't change, because of the vested interest the public sector (unions) holds in continued suicidal levels of economic consumption.
Place your bets on the next quarter being described by INSEE as 'holding steady', I imagine this is a French euphemism for stagnant.

As I said in the March-April period there was a pumping of EZ figures - accrue receivables, defer payables - for the MEP elections. Like all accrual, reversals soon come swanning in and this has happened and for France in a 'tout le monde en vacances' excuse period. Thus I think the numbers are actually a little worse than they say. We will see in September and I think that second-half 0.5% growth figure is more like 0.3%.
The only think France has going for it is the Ukraine ulcer will not have as much effect on her as Germany, Baltics and Balkans.... I take it we are meant to be surprised at this news. I'm willing to bet that the French have fiddled the figures and that the country is actually in recession. Ah what a wonderful thing the euro was, I wonder how long it will be before the populas start clamouring to have the franc back....Well...The people already are, it is the elite that won't entertain the idea. Worth remembering Madame Guillotine can be very persuasive.

The ZEW indicator of economic sentiment plunged more sharply than expected to a 20-month low of 8.6 points from 27.1 points in July. Economists polled by Reuters had forecast a far smaller fall, to 18.2 points. The index, which measures investors' expectations for the economy in six months' time, has fallen for eight consecutive months. Heightened geopolitical tensions are raising fears that the eurozone's weak recovery will be snuffed out altogether, and that Germany's economy will flatline.

As Russia's biggest trading partner in the EU, Germany is expected to be one of the economies hardest hit by Vladimir Putin's dispute with the west over his treatment of Ukraine, which has triggered sanctions and countersanctions.

"Fear is back," said Carsten Brzeski, an economist at ING. "The German ZEW just sent more signs of caution, showing that at least financial market participants are increasingly becoming pessimistic." The authors of the report said the decline in economic sentiment was the result of the geopolitical tensions that have begun to weigh on Germany's growth.

"In particular, current figures on industrial production and incoming orders suggest markedly reduced investment activities on the part of German firms against the backdrop of uncertain sales prospects. Since the economy in the eurozone is not gaining momentum either, the signs are that economic growth in Germany will be weaker in 2014 than expected." The extent of Germany's woes will be laid bare on Thursday, when the first official estimate of second-quarter GDP is expected to show zero growth, following 0.8% growth in the first quarter. Growth in the eurozone is also expected to slow to 0.1% between April and June, from 0.2% in the first three months of the year.

It was confirmed this Russian and EU (4th. Reich) cosmic crap did not manage to put both satellites on correct orbits. Russian hardware is shit, it's not a theory - it's confirmed fact. At no time there were not so many Russian cosmic failures.