Archive for May 7th, 2012

New Overnight Developments Abroad - Daily Update

European Voters Say No Mas to Austerity

May 7, 2012

Socialist Francois Hollande was elected President France, defeating Nick Sarkozy, who became Euroland’s 11th incumbent leader to be kicked out of office since the start of the sovereign debt crisis in 2009.  Hollande favors stronger fiscal stimulus and campaigned on a promise to renegotiate the EU treaty on fiscal discipline.  Voters split 51.9% for Hollande […] More