French President Nicholas Sarkozy is in trouble

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On Sunday – Sarkozy narrowly lost the first round of Presidential elections in France to Socialist candidate Francois Hollande. Another election runoff is scheduled for May 6th. Following yesterday’s vote – Hollande’s campaign manager said that the results reflected, “a reaction against austerity.”

Austerity measures in several European nations from Greece to Spain to the U.K. have crippled economies and mobilized working people into the streets. Major demonstrations in Denmark and the Czech Republic were held over the week to protest against austerity too. And in France – austerity may just end up costing the President his job.

Thom Hartmann Administrator's picture
Thom Hartmann A...
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Dec. 29, 2009 9:59 am

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Quote Thom Hartmann Administrator:Austerity measures in several European nations from Greece to Spain to the U.K. have crippled economies and mobilized working people into the streets. Major demonstrations in Denmark and the Czech Republic were held over the week to protest against austerity too. And in France – austerity may just end up costing the President his job.

My earlier post Cheminade Focuses French Presidential Election on Defeating the Global Financial Oligarchy is about an unknown politician that presented his plan for recovery without austerity and helped to change the tone of the election.

Karolina's picture
Karolina
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Nov. 3, 2011 6:45 pm

If austerity continues unabatted, it may end up costing a few European president's their heads.

It seems nothing was learned from the arrest and execution of Romanian Pres. Nicolae Ceausescu.

Retired Monk - "Ideology is a disease"

polycarp2
Joined:
Jul. 31, 2007 3:01 pm

The insanity of some radical righties is that the problem with the economy is not that so few can hoard so much (I think Thom said the average CEO salary is $12 million per year) but that the lowest paid among us, the minimum wagers, are making too much money. How's that system translate to a vibrant local economy Mr. righty?

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Choco
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