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

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.