Trump: French Election May Sink Euro; Aid US

Tuesday, 08 May 2012 11:14 AM EDT

The French elections that sent a socialist to the Elysee Palace could also send the euro to the dustbin of history, billionaire businessman Donald Trump said on Fox News’ “On the Record with Greta Van Susteren.”

Trump said Monday the upheaval in France, which ousted President Nicolas Sarkozy and elected Francois Hollande, could ultimately be an opportunity for the United States. He noted that Europe was bound together in an effort to combat the industrial and economic power of the United States.

“They wanted to create something as big or bigger than the United States, so they could do Airbus and they could do lots of different companies that would compete against Boeing and other of our companies,” he said. “So when you look what's really happening — and I've said it a long time and I've said it loud and clear, we have a chance to even go bigger and better if they get weaker. But we'll see what happens.

“In the meantime, Germany is trying to take over the world economically. They weren't able to do it militarily. And I think a lot of countries are going to go back to their own currency, and I think the euro is going the way of dust. I don't think the euro's going to be around too long.”

Trump added that Germany’s primary motive is to help Germany.

“And I think that ... was, you know, one of the primary creators and the primary creator of the euro to start off with," he said. "And again, this was done not for the betterment of the United States. This was done for the betterment of Germany and those countries that participated, so they could better compete with the United States.

“So now it's going bad. I think it's an experiment that has to fail. We'll see what happens, but I think many of the currencies and many of the countries will go back to their own currency,” he said.

As to France’s immediate prospects, Trump said the country is dealing with a “very new and untested product.

“And it's not going to be, I think, a very good thing for the free world as we know it,” he said. “It's not going to be very good thing for entrepreneurship. It's not going to be a very good thing for free enterprise. This is somebody that wants to tax people into oblivion. I think it's going to be very negative, much more negative than a lot of people are saying.”

Trump also said that Sarkozy’s problems are not over.

“Well, the big questions is how long will Carla Bruni stay with Sarkozy? That's to me the big question. . . . Personally, I don't think too long, but these are minor details.”

Carla Bruni is a 44-year-old former model, singer, and actress.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Tuesday, 08 May 2012 11:14 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved
© Newsmax Media, Inc.
All Rights Reserved