Challenge to Austerity Programs after French, Greek Elections

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President Nicolas Sarkozy, the French advocate of austerity, lost yesterday's election to the Socialist candidate, François Hollande. Two so-called reformist parties in Greece were also defeated by voters. German Chancellor Angela Merkel lost no time in warning new leaders to stick with the program. Peter Spiegel is Brussels Bureau Chief for the Financial Times.

Credits

Guest:
Peter Spiegel - Financial Times - @SpiegelPeter

Host:
Warren Olney

Producers:
Frances Anderton, Katie Cooper