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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 (2 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

Merkel Unhappy With Draghi's Apparent New Fiscal Focus: Spiegel

Business & Finance : Business Insider: Money Game (20 hours ago)

BERLIN (Reuters) - A German news magazine reported on Sunday that Chancellor Angela Merkel is unhappy with European Central Bank chief Mario Draghi for apparently proposing a greater emphasis on fiscal stimulus over austerity in ord... Read Post

Francois Hollande Sworn In As New President Of France

News : The Two-Way (2 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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