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Francois Hollande vs. Angela Merkel: A looming war over austerity?

Francois Hollande will not be inaugurated as France's president until May 15, but German Chancellor Angela Merkel is already pouring cold water on the signature promise of his campaign. Proclaiming that "Germany doesn't decide for all of Europe," Hollande had vowed to renegotiate a German-backed fiscal pact designed to shrink the budget deficits of European Union members by employing harsh austerity measures — spending cuts and tax hikes — that are now taking a heavy toll on voters and slowing economic growth.
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The Gods Are Angry: Merkel Insists Lightning Strike on Hollande’s Plan Was A “Good Omen”

News : Jonathan Turley (3 years ago)

I was intrigued by the meeting of France’s new president Francois Hollande and German Chancellor Angela Merkel, a meeting where they discussed their sharp differences over austerity programs for European nations like Greece. On his ... Read Post

Germany to drop investigation into US spying on Merkel: report

News : The Raw Story (12 hours ago)

Germany is dropping a probe into the alleged tapping of Chancellor Angela Merkel’s mobile phone by US spies, due to a lack of evidence, magazine Focus said Saturday. Six months after the investigation began, the experts have failed ... Read Post

Francois Hollande Sworn In As New President Of France

News : The Two-Way (3 years ago)

Francois Hollande takes oath of office as France's new president. He will travel to Germany today to meet with German Chancellor Angela Merkel to discuss a European austerity package which he wants to amend. Read Post


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