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France now has a socialist president

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.
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