I'm guessing most of you know about this by now, but in case you want to discuss it:
Hollande Beats Sarkozy in French Election, NY Times: François Hollande swept to victory on Sunday, becoming the first Socialist to become president of France since François Mitterrand left office in 1995.
Mr. Hollande campaigned on a kinder, gentler, more inclusive France, but his victory over Nicolas Sarkozy will also be seen as a challenge to the German-dominated policy of economic austerity in the euro zone, which is suffering from recession and record unemployment. ...
Here are Paul Krugman's comments: Ex-President Bling-Bling. Maybe the message that austerity is not only bad economics, but also bad politics will begin to resonate more here? Let's hope so.