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

2 years agoNews : The Coming Crisis

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 tearing up last December’s controversial deal to save the euro from oblivion.The Euro plunged to a three-month low as the inexperienced Mr Hollande planned talks with the European Central Bank and German Chancellor Angela Merkel to demand further borrowing to boost growth.
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See more about: Francois Hollande

Nicolas Sarkozy's nemesis: Who is Francois Hollande?

News : The Week: News & Opinion (2 years ago)

French President Nicolas Sarkozy is on the ropes after finishing behind Socialist challenger Francois Hollande in the first round of France's presidential election. Both candidates returned to the campaign trail on Monday after the ... Read Post

French vote in decisive run-off election between Sarkozy and Hollande

News : Yahoo! News: The Upshot (2 years ago)

PARIS - France voted in a presidential run-off election on Sunday that could see Socialist challenger Francois Hollande defeat incumbent Nicolas Sarkozy by capitalizing on public anger over the government's austerity policies. Read Post

'Seismic Shift' In Europe After French And Greek Elections

News : The Two-Way (2 years ago)

The election of Socialist Francois Hollande in France and the rejection of austerity policies in Greece raise serious questions about the future of the euro and the fate of the continent's economic union. Financial markets are down ... Read Post


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