French President Nicolas Sarkozy is widely expected to be kicked out of office in elections Sunday. If he goes, he'll be in good company: Almost every crisis-hit European country that has held an election since disaster struck in 2009 has thrown out its leader.
French President Nicolas Sarkozy is widely expected to be kicked out of office in elections Sunday. If he goes, he'll be in good company: Almost every crisis-hit European country that has held an election since disaster struck in 2009 has thrown out its leader....
Echoing sentiment that should be widely-held but unfortunately is not German central bank president Jens Weidmann says Not ECB's Job to Tackle Spain's Problems.
Spain should take a rise in its bond yields as a spur to tackle the root causes of its debt woes, not look to the European Central Bank to help by buying its bonds, European Central Bank policymaker Jens Weidmann told Reuters.
Politics are heating up in France and Germany as French president Nicolas Sarkozy clings to his political life and German chancellor Angela Merkel is under increasing pressure over more bailouts.
The Financial Times reports Merkel to join Sarkozy on campaign trail
As goes the French economy, so goes the reelection chances of French president Nicolas Sarkozy. Although Sarkozy leads in round one, polls show that lead is shrinking at a pace that suggests he will not carry round one.
More importantly, Sarkozy is trailing again by double digits in polls for the decisive round two.
For those not familiar with elections in France, round one pits candidates from all the parties against each other on April 22. If no one gets 50%, the top two finishers square off in round two, on May 6.
In a move sure to raise the ire of French President Nicolas Sarkozy, British Prime Minister David Cameron says French banks would come to Britain to avoid tax.
In comments aimed squarely at Nicolas Sarkozy after the French president reportedly criticised British industry, Cameron said the concept of the tax at a time of economic difficulty was "mad" and "extraordinary".
French President Nicolas Sarkozy delivered an ultimatum to the EU on immigration, complete with a "Buy European Act" and a threat to suspend the Schengen Agreement that allows passport-free travel among 25 European nations.
Hollow Threat for Political Reasons or the Real Deal?