Chancellor Merkel stands firm on fiscal policy
Like it or hate it, the pro-austerity ruling party in Germany has lost a key election. 'However, 'Chancellor Merkel still maintains the position on fiscal 'discipline'. 'European politics has become 'interesting' again as France's new president Hollande's anti-austerity position seems to be shared by millions of people not only in France 'but also in Greece, Spain, Italy and other Eurozone countries hit hard by the fiscal policy. How will the pretty clear shift of economic thinking in Europe impact on the debates in the United Kingdom and United States of America ?