10-01-2008, 05:11 PM
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#11
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Avalon Senior Member
Join Date: Sep 2008
Location: USA
Posts: 1,098
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Re: President for a Day...
Story
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in 1775 the French secretly began to help the colonies fight of their independence from Great Britain. On May 10, 1775, the Second Continental Congress met. They were still not sure if they should declare independence, and they knew they would need more help form foreign allies. As we know two years ago, on July 4, 1776, the colonies declared their independence form Great Britain by signing the Declaration of Independence, but very soon after work began on formally negotiating an alliance with France. This project was led by Benjamin Franklin. A group consisting of Benjamin Franklin, Silas Deane, and Arthur Lee was sent by congress in September that same year to France to create and assure French alliance. The recent news has told us that the French were not convinced to join in with the plan, because they were not sure that we have what it takes to win the war. As of February 6, of this year we and France have been allies. When we won the Battle of Saratoga, King Louis XVI felt that it was a safe decision to become allies. On the sixth two important treaties were signed, in Paris, France by Benjamin Franklin, and King Louis that would help the Thirteen United States now and forever.
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EU Banks falling like dominoes...
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French PM says banks vulnerable, but state will step in
In France, French Prime Minister Francois Fillon has warned in an interview that the country's banks are vulnerable given the global financial crisis, which he compared to the Great Depression.
However, Fillon told Les Echos business newspaper that the state would not allow any banks to fail.
"French banks are not insulated from difficulties if a large European bank collapses," he said. "For that reason, we are assuring the French people of the state's absolute guarantee of the French banking system."
The prime minister said "we are totally mobilised... We will not rule out any solution... There will be no bankruptcies."
Mr Fillon said the state could take action in the same way it did with Dexia.
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