France and Greece Election results!

554 replies

LadyWithEDS · 07/05/2012 02:04

So, what do you think it means for Europe?

OP posts:

breadandbutterfly · 07/05/2012 09:37

I think you're being overly melodramatic. Here's a coment from someone who could hardly be considered radical, quoted in the Guardian:

"Richard Yetsenga, head of global markets at ANZ Research.

"The French outcome was as expected. The markets have already shifted to a view that austerity on its own wasn't the right policy mix and that other things needed to be considered."

www.guardian.co.uk/business/2012/may/07/france-greece-election-financial-markets

MoreBeta · 07/05/2012 07:34

The Euro and perhaps EU will break up eventually too as either Germany leaves or others no longer see it in their in their interest to stay.

MoreBeta · 07/05/2012 07:33

The pro austerity parties failed to get a majority in Greece and Hollande in France is less keen on austerity too.

Financial markets are dropping this morning. The people across Europe are rejecting austerity and that means debt default. Its going to get ugly.

CogitoErgoSometimes · 07/05/2012 07:19

Depends what he does. Anyone can talk a good game about ditching austerity measures to get elected but it's different when you're in the hot seat. I'll be watching the Euro with interest.

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