Tuesday, May 15, 2012

Francois Hollande now in as French president

France''s newly elected president Francois Hollande has been sworn in amid an intensification of the Eurozone crisis. Earlier, his supporters reportedly sharpened tone against Germany for its hardline austerity. Germany''s chancellor Angela Merkel has also reaffirmed the policy of tough fiscal 'discipline'' even after her ruling party lost a key election. President 'Francois Hollande has not shown any sign of backing down. French socialists' platform seems to reflect 'the strong sentiments of many non'-'French peoples hit hard by austerity all over the Eurozone. Seen in this light, ''President Hollande can certainly afford to be firm. In other words, France can provide an antithesis to Germany's thesis.