What French and Greek Election Results Mean for European Economic Unity | WAMU 88.5 - American University Radio

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What French and Greek Election Results Mean for European Economic Unity

Greece’s ability to stay in the European Monetary Union is once again doubt. Greek voters weighed in against the political leaders charged with implementing stringent budget reforms. In France the first Socialist president in nearly twenty years, Francoise Hollande, will be sworn in next week. Discontent over German imposed austerity measures were, in part, behind his recent victory. Nearly half of the 17 euro zone countries are in recession, but German Chancellor Angela Merkel is pressing to stay the course. Political fall-out over economic austerity in the euro zone and implications for the U.S.

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