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.
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
French President Francois Hollande and German Chancellor Angela Merkel stressed their desire to keep the eurozone together on Tuesday in key talks just hours after France's new leader was inaugurated. Read Post