wrote:Hollande: My Win Is A Rejection Of Austerity
French President-elect Francois Hollande has told tens of thousands of cheering supporters that his victory was a rejection of austerity measures as the answer to the euro crisis.
"In all the capitals... there are people who, thanks to us, are hoping, are looking to us, and want to reject austerity," he shouted above the din.
We'll find out soon enough how sincere Mr. Hollande in his rejection of austerity measures in the EU.
Greece is scheduled to get another tranche (bailout check) from the EU soon, on the condition that they have met the austerity goals set by the EU.
Obviously Greece will fail to meet their austerity target.
Then Hollande will have to show if France will stand will with Germany (i.e. Merkozy will seamlessly turn into Merde) in favor of austerity, or if France will abandon Germany and stand with Greece against more austerity.