If Francois Hollande wins: what chance for a real change of direction in France and Europe?
Francois Hollande, candidate of the French Socialist Party, is still the frontrunner in the French presidential elections. But he is untested in government. And in the midst of the euro crisis and the eurozone’s commitments to binding austerity, what are the chances that a Hollande victory could represent a real change of direction in France and catalyse a real debate about social democratic alternatives in Europe? Or would President Hollande find his hands tied by decisions already taken? Hollande is putting his central emphasis on youth and on justice. He is ruffling feathers in Brussels and Berlin by insisting that he will renegotiate the EU’s newly agreed fiscal treaty – enshrining budget discipline and austerity into eurozone countries’ national laws …