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

October 24, 2014

French Unemployed Hits Record High, Hollande Demands EU Budget “Must Be Adapted” | Zero Hedge.

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!!

 …click on the link above to read the rest of the article…

Is France’s Love Affair with Nuclear Over?

October 20, 2014

Is France’s Love Affair with Nuclear Over?.

French President Francois Hollande has promised to limit the growth of the country’s nuclear power, many older reactors have been targeted for decommissioning, and Greenpeace and other environmental groups have been relentless in their anti-nuclear campaigning. But until now, it seemed unlikely that France would ever truly rethink its love affair with nuclear power.

Last week, it did. On Oct. 10, France’s parliament voted to begin moving to undo decades of nuclear growth and to reduce its importance to the country’s energy mix. Over the next 11 years, France will reduce the amount of electricity coming from nuclear by one-quarter — from 75 percent to 50 percent. To do that, estimates are that as many as 20 of France’s 58 reactors would have to be closed.

The vote was part of a package of legal reforms in France’slong-awaited energy transition law, a main pillar of which was slowing nuclear power production and then maintaining it at the new lower level before progressively lowering it over the next 10 years.

…click on the link above to read the rest of the article…

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