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2016-08-24

Ambrose Brexit may soon be matched or eclipsed by crystallizing events in France

where the Long Slump is at last taking its political toll.
A democracy can endure deflation policies for only so long. The attrition has wasted the French centre-right and the centre-left by turns, and now threatens the Fifth Republic itself.
The former economy minister says France voted for a left-wing French manifesto four years ago and ended up with a "right-wing German policy regime". 
Mr Sarkozy skirts this elemental issue. His shock manifesto demands the end of EU legal primacy over French law and a repeal of the Lisbon Treaty, 
the same treaty that he rammed through the French parliament by party whip after it had it had already been rejected by French voters in a referendum - in its earlier guise as the European Constitution.
http://www.telegraph.co.uk/business/2016/08/24/french-support-for-the-eu-project-is-crumbling-on-the-left-and-r/

But the future of the European economy and its single currency is more likely to be decided on the streets.
Gideon Rachman, FT October 18 2010

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