Hollande or Sarkozy, on Monday the Berlin-Paris axis reviews EU austerity policies

Saturday, May 5th 2012 - 06:38 UTC

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Conservative President Nicolas Sarkozy made an impassioned final appeal to voters on Friday, saying that a Socialist victory could send France spiraling the way of Greece, as polls showed him narrowing his challenger’s lead two days before the vote. Read full article

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Forgetit87
It's foolish to think that an elected president of the center-left will of necessity be completly different from his center-right predecessor, that he'll revert all of the other's main policies. Economic policies don't reflect only, or even mainly, the ideological biases of political elites. They reflect instead the balance of power between a country's domestic economic actors (big businesses, industries, unions) and external ones (powerful neighboring countries, international banking institutions, foreign investors, etc.) If the balance of power in France is tilted in favour of austerity, then this is the path that France will follow, no matter who wins the next election.
May 06th, 2012 - 05:24 am - Link - Report abuse 0
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Fido Dido
“If the balance of power in France is tilted in favour of austerity, then this is the path that France will follow, no matter who wins the next election.”

I agree with you, same here in the US. Austerity measures will take place because that's what their masters, the banksters aka troika demand.
May 06th, 2012 - 11:14 pm - Link - Report abuse 0
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