{"id":845,"date":"2005-05-29T16:07:02","date_gmt":"2005-05-29T21:07:02","guid":{"rendered":"\/?p=845"},"modified":"2005-05-29T16:07:30","modified_gmt":"2005-05-29T21:07:30","slug":"france-rejects-eu-constitution","status":"publish","type":"post","link":"https:\/\/targetcentermass.net\/?p=845","title":{"rendered":"France Rejects EU Constitution"},"content":{"rendered":"

Good for the French<\/a>.<\/p>\n

French voters, who turned out in estimated record numbers Sunday, have rejected the proposed European Union constitution, according to early government results.<\/p>\n

The Interior Ministry reported that, with 83% of the votes counted, the referendum was rejected by 57.26% of the voters. The EU constitution was supported by 42.74%, officials said.<\/p>\n

The results of the French referendum are seen as critical because of France’s position as a key leader in the EU.<\/p>\n

The most recent pre-referendum poll showed that 54% of the French electorate was against the constitution, despite some last-minute lobbying by the country’s president, Jacques Chirac.<\/p><\/blockquote>\n

So much for Chirac’s piss-off-the-Brits-and-Americans campaign<\/a>.<\/p>\n

Fallout from the vote is expected to have an effect on the euro and short-term make-up of the EU.<\/p>\n

Expectations of a ‘no’ vote have pressured the European common currency in recent months, as a defeat of the constitution is seen as a political setback to the European project.<\/p>\n

The euro has already fallen from above $1.34 in early March to the $1.25 level. Analysts have said part of the fall is related to the widening interest-rate differentials between the U.S. and the eurozone, but part of the move is also tied to political instability.<\/p>\n

A ‘no’ vote has also weighed on Turkish equities, as a defeat would likely delay European Union ascension talks.<\/p><\/blockquote>\n

Holland is also expected to reject the constitution this week. Does that mean the constitution is dead on arrival. It should but, as I’ve pointed out before<\/a>, it probably doesn’t.<\/p>\n","protected":false},"excerpt":{"rendered":"

Good for the French. French voters, who turned out in estimated record numbers Sunday, have rejected the proposed European Union constitution, according to early government results. The Interior Ministry reported that, with 83% of the votes counted, the referendum was rejected by 57.26% of the voters. The EU constitution was supported by 42.74%, officials said. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-845","post","type-post","status-publish","format-standard","hentry","category-europe"],"_links":{"self":[{"href":"https:\/\/targetcentermass.net\/index.php?rest_route=\/wp\/v2\/posts\/845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/targetcentermass.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/targetcentermass.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/targetcentermass.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/targetcentermass.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=845"}],"version-history":[{"count":0,"href":"https:\/\/targetcentermass.net\/index.php?rest_route=\/wp\/v2\/posts\/845\/revisions"}],"wp:attachment":[{"href":"https:\/\/targetcentermass.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/targetcentermass.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/targetcentermass.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}