Tue Nov 8th, 2005 at 12:10:42 PM EST
After twelve nights of massive riots that clearly demonstrate the moral bankruptcy of the European social model and pays back the perfidious French for their betrayal over Iraq, Paris lies in ruins.
Twelve police officers were slightly injured, mainly by thrown projectiles. Some were the target of people firing shotguns, though none was hit. A dozen buildings were burned by arsonists.(RTÉ)
The complacent educated elite is as I write being led to the guillotine by the Islamic hordes that have overrun the city.
The rioting has involved poor whites as well as French-born citizens of Arab or African origin complaining of racism and unemployment.(RTÉ)
The government - now in exile - has still not learned it's lesson:
French Prime Minister Dominique de Villepin has unveiled social and economic measures aimed at improving conditions in France's tough, low-income neighbourhoods.
The initiatives aim to reduce chronically high unemployment in those suburbs, provide better education and address entrenched racism.(RTÉ)
Only tough measures can be depended upon to tame these animals!
The cabinet earlier approved the imposition of curfews to try quell the rioting.
'Wherever it is necessary, prefects will be able to impose a curfew,' Mr de Villepin said, referring to local officials responsible for security.
Mr de Villepin had warned on French television last night that he would take a tough stance against lawbreakers, including curfews which have not been seen in France since the 1954-1962 Algerian War.(RTÉ)
And Brussels is also in flames:
Meanwhile, Belgian authorities are playing down the extent of the violence in Brussels, where five cars were set alight overnight.
Damn it, that's nearly as many as in Dublin. Belgian society is breaking down.
The unrest spells ruin for the European state-run economy:
The spread of the unrest is undermining investor confidence in the euro, which dipped to a two-year low against the dollar today.
(Edward on afoe has a different view on this.
So if the markets were really rational they would be pricing-in a new reform impetus in France and this should (in theory) be pretty euro positive.If you really wanted to stick your neck out and defend going euro-negative simply on the French impact, then probably you wind need to do this via the short-term impact on interest rates, since the French administration will certainly be in no mood to countenance ’hawkish monetary experiments’ just now.