What French and Greek Election Results Mean for European Economic Unity

What French and Greek Election Results Mean for European Economic Unity

Voters in France and Greece weigh in on German-led austerity measures: What weekend election results mean for efforts to manage the European debt crisis.

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.

Guests

Markus Ziener

US correspondent, Handelsblatt.

Justin Vaisse

senior fellow, The Brookings Institution.

Mark Weisbrot

co-director of the Center for Economic and Policy Research.

Stella Dawson

U.S specialist, economics editor, Reuters.

Please familiarize yourself with our Code of Conduct and Terms of Use before posting your comments.

Our address has changed!

The Diane Rehm Show is produced by member-supported WAMU 88.5 in Washington DC.