The conventional wisdom in Europe goes like this: The leadership of Europe has been a total disaster throughout the crisis, but it would be HORRIBLE if France changed course and didn't re-elect Sarkozy.
Today we get the first results of the French election, and we'll see, most likely, that Sarkozy and his liberal challenger Francois Hollande will be headed for a runoff this summer.
France's president elect Francois Hollande today began the task of building his new government as he was thrust right into the heart of the Eurozone crisis. Just hours after his historic victory over Nicolas Sarkozy, the French Soci... Read Post
Europe is facing a fresh economic crisis after France rejected austerity and elected a tax-and-spend socialist president. Nicolas Sarkozy suffered a humiliating defeat at the hands of Francois Hollande, who ran on a platform of tear... Read Post