The socialist Françoise Hollande won the presidency of France and the German Chancellor Angela Merkel lost her best ally in this time of economic crisis in the European Union, Nicolas Sarkozy, the first incumbent president who lost an re-election in 31 years in his Country. Until now, the front French-German was leading the policies of austerity to face the economic crisis in the European Union because Sarkozy and Merkel agreed. But now, is sure, that Hollande, as he said in the campaign, doesn’t agree with Merkel in the EU Fiscal Pact adopted in January by all the members of the Union except Great Britain and Czech Republic. The then president Sarkozy agreed, but said that said it will not approve the policy until after the elections. If Hollande stays with what he announced in his campaign, the France will add itself to the non followers of the fiscal pact.
So, the German-French front in the EU is broken? Now that they have impose to other countries very tough measures to correct the economy the agreement between them is gone and one of the biggest economies of the Union can step down from the Fiscal Pact?. What will happen now in Spain, for instance, that is struggling to adjust its economy to the exigencies of the EU institutions and forced to take from outside very unpopular policies that undermines the position of the government? what in the bankrupted countries like Greece, where the situation is bringing to the political scene extremist parties?.
Will Germany led alone to protect its economy after contributing for a long time to make possible that the EU be alive?
The changes of leaders in the elections in Europe has become a trend in the middle of the crisis. Maybe the next change would be in Germany and then the results in the economic policies can be hard to predict, at least for me.
All this changes in the political map are logic. People are tired and scared and most of them don’t understand what’s going on according to the news, why in so short notice their countries had gone from happy spending administrations and news of growing and benefits, to deficits, cuttings, ratings going down, policies of austerity, more taxes, no jobs, poverty and no ending to the trouble in sight.
Until now The EU has been a sort of dark cloud not so understandable, not very much transparent, and very complicated for the common citizens of the member countries. They doesn’t know how the directives are made. Only they receive the notice that they have to do whatever they said. There is a Parliament, but with no too much powers and not too much information about what they are doing to the citizens. So, no news at all, only when there is some summit or there is some bad, bad news, unexplained in the origin, and without an understandable possible solutions.
Isn’t logic a reaction of pessimism or even panic?
I hope that with this changes of leaders not only there will be corrections in economic policies if necessary , but more information to the people of what’s going on and institutional changes to make a UE more transparent, efficient, understandable and predictable.
François Hollande has a very difficult task in his hands. He said his first move will be go to talk to his partner in Berlin. Lets see what happens, and as his opponent and defeated candidate Sarkozy said while conceding the election, he will need good luck.
- Merkel ‘will compromise’ if Hollande wins France (thelocal.de)