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Paul Krugman Nails It On The French Election

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.
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Germany warns France there is no easy way out after it elects anti-austerity president - as sour-faced Sarko breaks cover for last official duties

News : The Coming Crisis (3 years ago)

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

Does euro crisis foster extremism?

News : The Coming Crisis (3 years ago)

Washington (CNN) -- The French will vote next week to elect a new president. The April 22 election pits incumbent Nicolas Sarkozy against challenger Francois Hollande. Sarkozy, a conservative, argues that France did well compared wi... Read Post

Au revoir, austerity! New Euro crisis as French and Greeks reject cuts and vote for return to ruinous spending

News : The Coming Crisis (3 years ago)

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


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