The eurozone's political leaders are slowly coming to the realisation that the countries they lead are democracies and the citizens will not sit back idly whilst austerity is imposed. The Dutch face a general election in September as a consequence of the coalition government falling apart over the fiscal pact. Holland and France are (have been?) Merkel's strongest supporters for the imposition of the fiscal pact.
In France, Sarkozy has played his 'get out of jail' card as he seeks to come from behind to win the run-off for the French presidency. Mrs Merkel must be furious!
http://www.telegraph.co.uk/finance/financialcrisis/9227150/French-President-Nicolas-Sarkozys-fiscal-pact-referendum-deals-a-hammerblow-to-Angela-Merkels-austerity-plan.html
No comments:
Post a Comment