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Europe Will Splinter Regardless of Greeks: “France Has At Most 3 Months Before Markets Make Their Mark” says German Official

By Woodshedder – Sat Jun 16, 2012 10:04pm – No Comments

Mish with some analysis about the socialists in France getting ready to go full Greek:

If socialists take control of both houses in French parliament as expected, president François Hollande would have free rein to carry out his stated policies such as hire more public workers, raise taxes on the rich, and Wreck France With Economically Insane Proposal: “Make Layoffs So Expensive For Companies That It’s Not Worth It”

Read the article here.

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Major US	US Futures	Europe	Asia	Commodities	2yr Euro Yields	10yr Euro Yields	Oil
DOW 15,307.20 -0.52% NASDAQ 3,463.30 -1.11% S&P 500 1,655.35 -0.83% VIX 13.82 3.37%	SPX 500 (CFD) 1,637.60 -1.07% DOW (CFD) 15,189.00 -0.77% NASDAQ 100 2,966.90 -1.07% EURUSD 1.288 0.24%	UK 6,705.30 -1.97% GERMANY 8,301.80 -2.69% FRANCE 3,951.80 -2.45% SPAIN 8,284.50 -2.10%	H. KONG 22,669.70 -2.54% JAPAN 14,484.00 -7.32% KOREA 1,969.19 -1.24% SHANGHAI 2,275.67 -1.16%	NAT GAS 4.18 -0.05% GOLD 1,384.70 1.27% SILVER 22.45 -0.06% COPPER 3.30 -2.31%	FRANCE 2YR 0.19 -10.90% GERMAN 2YR -0.02 -650.00% ITALIAN 2YR 2.18 27.59% SPAIN 2YR 2.81 8.21%	FRANCE 10YR 1.88 -0.69% GERMAN 10YR 1.40 -2.03% ITALIAN 10YR 3.97 1.43% SPAIN 10YR 4.23 1.20%	WTI 92.97 -1.39% BRENT 101.42 -1.15% WTI/BRENT 8.45 321 CR SPR 21.96 10.04%