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1. It is no less than about devaluation! Marine Le Pen is! She wants a way out of the euro parity 1 France 1 Euro = followed by a competitive devaluation of 20 to 25%. 2. The rate of interest, one might think (nothing is certain) that the spread Germany / France would increase output in case of the euro. Again, no writing or Monster Beats dr dre headphone certain but the constraints of the euro market suggest that the Germans we impose some rigor. Detached from them, markets can be justified in thinking that we lead and raise interest refinancing debt 3. For the conversion of the debt of the euro in France, good luck! For 35% of debt held by the French? Ais OK. They OAT euro and euro. We convert OAT franc and have ds francs. Neutral effect. But for the 65% foreign, if you convert the debt to France and then we made the competitive devaluation (again, it is the will of Marine Le Pen, not mine!), Their claims will depreciate. This is a hidden restructuring. So they will be the palm. Not so bad in itself except that suddenly, they may be less willing to lend us orFive Fingers Vibram Vibrams Five Fingers bikila only at higher rates. Unless our budget is in balance but there .. @ Djamé: "Hi, you say that indexing wages to inflation would lead to hyperinflation" ==> no, no? Was not what I say. For Luxembourg, 2010 inflation was 2.3%. She is currently just over 3%. So prices rise, wages follow, nothing dramatic. The problem is if inflation is racing. Prices rise (for reasons endogenous or exogenous), then wages and prices etc etc and you end up with inflation delusional. What I am saying is that the FN's program may create high inflation (mainly because of higher imports, especially oil). FN acknowledges t elsewhere. He said "no problem, index the wage to inflation." This does not solve the problem. Prices such as wages could rise by 10 or 15% a year (as in the early 80s in France where? Has not been a resounding success). Inflation is good when there's a little, Gucci Abbey Bags the problem is when there are many ... @ VincentG: