If the Yellow Vest protests upend the stability of French society and the government, it could lead to a debt crisis. From Tom Luongo at tomluongo.me:
The Yellow Vests have reached critical mass. And the movement has now created the perfect storm for President Emmanuel Macron.
He can no longer ignore it, even though he tried to do so. And his lack of understanding of the situation as well as his open contempt for his opposition has placed him in a political vice.
Ignoring the problem will only make him look weaker and more disinterested. He could address the situation, put France first and step aside for new elections, which is the decent thing to do.
But, he’s chosen the predictable third option, crack down on the protesters in a futile show of strength. Authoritarians react to challenges like clockwork.
Disobedience is met with violence. More disobedience is met with more violence.
Before last weekend’s Act VIII protests Macron had one of the Yellow Vests original organizers, Éric Drouet, a truck driver, arrested and released pending a trial for “organizing an undeclared demonstration” while meeting with friends at a restaurant.
Posted in Business, Civil Liberties, Collapse, Crime, Debt, Economy, Financial markets, Geopolitics, Governments, Insurrection, Law, Media, Politics
Tagged Emmanuel Macron, France, Italy, Matteo Salvini, Yellow Vest protests
Pan European nationalism is coming, according to Tom Luongo, and it will work profound changes in Europe’s political architecture. From Luongo at tomluongo.me:
“There’s no crying in baseball!”
— A League of Their Own
The Great Realignment is coming to Europe next year. All the writing is on the wall.
This summer saw German Chancellor Angela Merkel survive a leadership challenge by her coalition partner Horst Seehofer over her immigration policy.
She needs political wins to maintain her hold on power. Standing firm against President Trump on the Nordstream 2 pipeline and having a cordial summit with Russian President Vladimir Putin is a good start.
Because most of Europe is tired of 1) Germany setting policy for the entire EU and 2) anti-Russian sanctions killing their trade.
But week-long protests in the Saxony town of Chemnitz over the stabbing of a local man are dogging her. Germany’s polling numbers continue ebbing away from Merkel.
The more she is weakened the more emboldened her opposition becomes.
Posted in Business, Foreign Policy, Geopolitics, Governments, History, Immigration, Law, Politics
Tagged Angela Merkel, Europe, Matteo Salvini, Nationalism, Viktor Orban