Hollande's victory: The world ponders a major shift

François Hollande's victory may represent change for not just France, but Europe as a whole.

Die Welt (Germany)

Translated by Daryl Lindsey and Spiegel Online

"The German government shouldn't worry itself about the new French president. Instead, it should worry more about France itself. The election has revealed a reorganization of the political forces in the country. Growth and the struggle against debt have been made into a politically charged dichotomy.

The saying that nothing happens in Europe without France is accurate. But what can be achieved with a France that psychologically represses the consequences of globalization, toys with the idea of a fundamentally different monetary policy, and considers austerity to be a Teutonic vice?”

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