Conservatism in France
VIDEO: Foreign markets shift as world reacts to Francois Hollande’s victory in French election
Francois Hollande will be the next president of France, the winner of a run-off election on Sunday between himself and Nicholas Sarkozy. Hollande, a Socialist, has promised to rollback, or at least modify, the austerity measures championed by his predecessor.
Top of the Hour: EU Leaders Meet in Brussels, Morning Headlines
European leaders meet in Brussels on Thursday for a two day summit on the continent’s debt crisis. French President Nicholas Sarkozy and German Chancellor Angela Merkel are hoping to convince other nations to agree to changes in the European treaty. Meanwhile, ratings agency Standard and Poor’s says the E.U.’s credit rating is on watch.
Euro Zone Leaders Reassure Greece
French President Nicolas Sarkozy and German Chancellor Angela Merkel reassured Greek Prime Minister George Papandreou that Greece is an “integral” part of the euro zone during a telephone conversation on Wednesday. As concerns over whether Greece will default on its debt, the Greek government has restated its commitment to meet deficit reductions required by the […]