Any more? 😛
Yes the socialist party in France looks likely to gain a majority in the lower house in the run off election next Sunday.. They already dominate the upper house of their parliament.
Hollande will then have the power to enact his election promises of spending more and reducing Sarkozy’s austerity program. The rift between him and Merkle will only deepen. I think that’s no bad thing but Merkle has a history of seeing off any opposition.
You can be sure Germany will do their level best to undermine Hollande and the bond markets may well oblige.
Here’s what the Germans really think.