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Francois Hollande

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  • What to Look for Next in France and Greece Tuesday, 8 May 2012 | 10:48 AM ET
    April 2012The political situation in Greece is far from certain. At the brink of defaulting on its debts, under Lucas Papademos, an unelected technocrat, most Greek legislators have backed further austerity measures in return for a new €130 billion ($184 billion) bail-out by the European Union. Expected to go to the polls in late April or early May, Antonis Samaras the leader of the most popular conservative New Democracy party has promised to honour the spending cuts demanded by the euro zone g

    The outcome of Sunday’s elections in Greece and France has raised fears that the euro zone debt crisis has entered a new phase, as leaders opposed to austerity threaten to wipe out crisis-fighting measures.