Archive for May, 2012

Political crisis in Europe

Political crisis in Europe

Political crisis in Europe

The recent years marked by economic problems and austerity measures are now reflected in the politics. The countries leaders and their parties started to pay for their disastrous management that brought Europe on the brink of disaster.

The best example is France, where the conservative incumbent Nicolas Sarkozy lost the presidential elections to socialist party candidate Francois Hollande. The new French president is against austerity and stated that he wants to change the current approach for euro-zone which is based on cutting the government spending and reducing the sovereign-debt. (more…)