A nice little article on France's probable next president. What I especially like about it is that it makes clear that the policies that lead to Europe's debt crisis will likely be repeated many times yet, because they stem from a mind set that is still firmly entrenched in European elites, albeit one in temporary retreat.
The danger is that once Europe starts showing some signs of healing, politicians on the left will sweep into power, cast off the yoke of "austerity" (i.e. financial discipline) and start enacting popular tax and spend policies (or worse, borrow and spend policies, for those who can). One thinks shudderingly of Ed Balls.
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