French Unemployed Hits Record High, Hollande Demands EU Budget “Must Be Adapted”

France’s President Francois Hollande states confidently that “everyone should respeoct treaties,” then ‘Junckers’ it with this stunningly hypocritical bullshit, “budget rules must be adapted” to support growth and France “has done what it has to do” on its deficit… one glance at the following chart suggests that Hollande has done nothing and has been enabled by Draghi… What a farce!!

 

 

So:

• *HOLLANDE SAYS `EVERYONE’ SHOULD RESPECT TREATIES
• *HOLLANDE SAYS FRANCE RESPECTS DEFICIT TREATY WITH FLEXIBILITY

But:

• *HOLLANDE SAYS FRANCE `HAS WORK TO DO ON REFORMS’
• *HOLLANDE SAYS COUNTRIES WITH SURPLUSES SHOULD SUPPORT DEMAND
• *HOLLANDE SAYS BUDGET RULES `MUST BE ADAPTED’ TO SUPPORT GROWTH
• *HOLLANDE SAYS FRANCE HAS `DONE WHAT IT HAS TO DO’ ON DEFICIT

How long before Schaeuble explodes?

via Zero Hedge http://ift.tt/12r7T7b Tyler Durden