This should be interesting. I know nothing about him, but read this in the BBC story today:He said he would push ahead with his pledge to refocus EU fiscal efforts from austerity to "growth". "Europe is watching us, austerity can no longer be the only option," he said. Mr Hollande has called for a renegotiation of a hard-won European treaty on budget discipline championed by German Chancellor Angela Merkel and Mr Sarkozy.
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
Sarkozy did close the gap, but it wasn't enough. Austerity in Europe took a serious blow with this result today. BBC News:Socialist Francois Hollande has been elected as France's new president, early estimates say. He got about 52% ... Read Post
Europe's growth v/s austerity debate has been very divisive, and we've seen austerity protests take center-stage in Spain and Greece. In his latest note, George Magnus, UBS's senior economic advisor says the eurozone suffers especia... Read Post