What French and Greek Election Results Mean for European Economic Unity
Greece’s ability to stay in the European Monetary Union is once again doubt. Greek voters weighed in against the political leaders charged with implementing stringent budget reforms. In France the first Socialist president in nearly 20 years, Francois Hollande, will be sworn in next week. Discontent over German-imposed austerity measures were, in part, behind his recent victory. Nearly half of the 17 euro zone countries are in recession, but German Chancellor Angela Merkel is pressing to stay the course. Political fall-out over economic austerity in the euro zone and implications for the U.S.
US correspondent, Handelsblatt.
senior fellow, The Brookings Institution.
co-director of the Center for Economic and Policy Research.
U.S specialist, economics editor, Reuters.