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Foreign Policy Chat - European Elections Round-Up
European Elections Round-Up
The big story of the weekend was the elections in Europe. Voters went to the polls in both France and Greece, throwing out the ruling parties. Francois Hollande was elected to take over for Sarkozy as the French elected their first Socialist in over 15 years. The Greeks, while also repudiating the status quo, have elevated an unstable combination of niche parties that seem unlikely to be able to form any kind of functioning government. I've rounded-up some of the best analysis on the evolving situation.
Paul Krugman believes the elections reveal that "time is clearly running out for the strategy of recovery through austerity - and that's a good thing." Harris Mylonas analyzes the unexpected Greek election results, concluding that they "increase the uncertainty surrounding the future of the Eurozone since a stable government in Greece seems unlikely." In reviewing the impact of Hollande's ascension to the French presidency, Matt Yglesias argues that "the real question is whether he can inject some much-needed perestroika into Eurozone-wide economic governance." The New Yorker's John Cassidy writes that the weekend's results present both good and bad news for President Obama, while the UK's Daily Mail delves into Golden Dawn, the far-right "neo-nazi" party that won 21 seats in the Greek parliament.