The Hill News

The French are not a modest bunch. So it wasn’t a surprise last night when the victorious candidate in the French presidential election, the Socialist Francois Hollande, said that his victory represented “a new hope for the world.”

The way Hollande sees it, Europe should chart a different course than the tough budget-cutting austerity packages that have cut the tax base in the U.K. by increasing unemployment and driven Greece into the arms of the neo-fascists.

If Europe switches course, the debate about economic stimulus will intensify here and could affect the election campaign. Already there have been signs of nervousness in the Obama administration about the effects of the massive cuts by the Cameron coalition in the U.K.

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