Tuesday, May 08, 2012

France & Germany deeply split over austerity

France''s new 'president Francois Hollande was elected for his position which is anti-austerity. 'Now that Germany has rejected any rewriting of the fiscal pact, the pressure is now on France: how will France deal with Germany which is more powerful and ''disciplined'' economically '? But, France is not alone or isolated as there are many other countries and millions of non-French Europeans share the anti-austerity stance. Hollande''s' platform may even enjoy support among Social Democrats and other non-conservative or progressive folk within Germany itself. To be sure, ideological and political conservatives in France may still agree with Germany''s current official position which is pro'-austerity.