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Sunday, May 06, 2012

Hollande Beats Sarkozy

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.

    Posted by on Sunday, May 6, 2012 at 12:00 PM in Economics, Politics | Permalink  Comments (71)


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