To the Point
Challenge to Austerity Programs after French, Greek Elections
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.
By Warren Olney • • 1 min readPresident 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.
