Analysis: Greek, French voters reject German-led austerity




 
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Analysis: Greek, French voters reject German-led austerity
 
May 6th, 2012  
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Topic: Analysis: Greek, French voters reject German-led austerity


Analysis: Greek, French voters reject German-led austerity
BERLIN (Reuters) - Greek voters dealt a serious blow on Sunday to the fragile political consensus that has kept Europe's currency bloc intact through more than two years of crisis, rejecting the austerity-for-aid policies that have shielded the country from bankruptcy and a euro exit. Greece's vote, combined with the victory of Socialist Francois Hollande over incumbent Nicolas Sarkozy in a French presidential election, will raise pressure on Europe's paymaster Germany to pursue a more growth-oriented approach to the crisis. ...




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