Tuesday 22 May 2012

European election/Austerity


Europe has recently elected two new leaders: Hollande in France and Pikrammenos in Greece. This could prove troublesome for the situation in the European economy. Hollande wants to promote a socialist government. This is not in the best interest of the EU as it involves plenty of government spending and although France is not in any direct threat now, what they do affects their neighboring countries (hence the need for the EU). Also Austerity was rejected, without such cut backs Europe is in need of yet another strategy unless the new leader can bring something new to the table. I am interested to see the events unfold and how the EU will handle the their current situation  

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