May 2, 2012
France's Electoral Guillotine
Boris Kagarlitsky, Moscow Times
Few people doubt that socialist Francois Hollande will become the new French president in May. His rival, incumbent President Nicolas Sarkozy, came to power five years ago promising to increase living standards, stability and economic growth. Soon after, the global economic crisis hit, and the measures France and Germany employed to overcome the crisis resulted instead in the economic collapse of Greece and Spain. The same fate may hit France as well. Someone must answer for what is happening.
TAGGED: France, Eurozone