A fringe candidate for next month's French presidential election on Wednesday alleged that the Queen of England owes her fortune to drugs money laundered by "Jewish bankers in The City".

"/> A fringe candidate for next month's French presidential election on Wednesday alleged that the Queen of England owes her fortune to drugs money laundered by "Jewish bankers in The City".

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ELECTION2012

Candidate denounces Queen’s drugs money

A fringe candidate for next month's French presidential election on Wednesday alleged that the Queen of England owes her fortune to drugs money laundered by "Jewish bankers in The City".

Candidate denounces Queen's drugs money
www.cheminade2012.fr

Jacques Cheminade, an independent, is one of 10 candidates who has been cleared by France’s Constitutional Court to run in the April 22nd first round of the battle to unseat incumbent President Nicolas Sarkozy.

It ought to be a tough list to get on — former prime minister Dominique de Villepin and several other leading figures failed to make the cut — but little known Cheminade was one of the first to gather 500 mayors’ signatures.

Few in France have any idea what Cheminade stands for, as he represents no political party and has a low media profile.

But, now that the campaign proper has begun, French broadcasting fairness laws require he be given as much exposure as any other candidate, such as Sarkozy or opinion poll frontrunner and Socialist champion François Hollande.

Thus, Cheminade appeared on LCP television Wednesday, in a debate sponsored by AFP and other French media. He was asked about his support for US extremist Lyndon Larouche, a notorious conspiracy theorist.

In particular, he was asked whether the Queen is a drugs baroness.

“No, not all her fortune,” he replied. “There are many other sources, but it’s a series of trafficking operations within which, yes, there were drugs.”

Cheminade linked this claim to allegations about the Rothschild banking family, and compared the economic crisis to “the start of the Nazi regime and the measures it gradually put in place, as in the United States today.”

Voting will not begin for four weeks, but opinion polls track Cheminade’s support at less than one percent, or within the margin of error.

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FRANCOIS HOLLANDE

Hollande steps up eurobonds push

President Francois Hollande stepped up his push Thursday for the launch of eurobonds after a summit of EU leaders in Brussels exposed divisions on the issue.

Hollande steps up eurobonds push
LCP Assemblee Nationale

Hollande said he wanted to see eurobonds “written into the agenda” of the European Union going forward, saying he saw jointly pooled eurozone debt as a fundamental means of bolstering the debt-stricken single currency.

German Chancellor Angela Merkel has repeatedly come out against eurobonds and Hollande told a news conference after five hours of talks among EU leaders in Brussels he had a “different conception” of what eurobonds offer Europe.

He said: “There is perhaps a means by which to mutualise… future debt to enable countries… to access financing more easily on (money) markets.”

Suggesting this would allow governments to “finance investments”, the new Socialist president said that pooling liabilities for past debts was “unacceptable” but that eurobonds could help countries paying high borrowing costs, such as Spain and Italy.

Merkel said there had been a “balanced” discussion on eurobonds.

“There was a debate on the subject of eurobonds, but very balanced and with different points of view,” she said after the summit.

She said she had “explained the German position” and Hollande “said what he had already said previously, but there were broad differences”.

Several participants expressed doubts about the benefits of interest rates being unified across the eurozone, Merkel added.

Hollande said he was not alone at the EU table in favouring the introduction of eurobonds.

EU president Herman Van Rompuy said the subject was “briefly touched upon” by several leaders “in the framework of deepening the monetary and economic union”.

However, he stressed: “There was nobody asking for the immediate introduction of this.”

He underlined, as leaders begin preparing ideas for a growth pact ahead of a full summit on June 28-29: “We have to consider what the legal implications of all this are.”

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