Greek voters had the choice of electing a hard left party that would disavow the austerity program imposed on
in return for aid, or electing a coalition of center left/center right parties
that would accept the austerity program.
It appears the Greeks have voted for the coalition.
The big question, is Europe smart enough to recognize this? Based on their actions to date in response to the economic crisis one is not very confident.
it appears that the new
President who is a moderate Socialist will have a working
majority coalition in the Assembly.
This may, and the stress here is on ‘may’ allow France France to
implement a somewhat expansionary policy, and to test if that policy can
produce better results than austerity.
It should, but France
will be swimming upstream and against the current, because the rest of Europe is in a downward spiral and France is not in all that great a condition iself.
As far as the
is concerned Democrats should know that France has now joined almost every
other western nation in voting out the incumbent rulers. That should enlarge the group of Democrats
who call themselves ‘concerned’. In fact
the ranks of 'non-concerned Democrats' should be thinned to the point of