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“We are entering a period where all cards are not yet on the table, where various conflicting logics in Europe, economic and social, are testing each other,” says Karim Emile Bitar, senior fellow at the Institute for International and Strategic Relations in Paris. “We are approaching a fault line: How much austerity can growth proponents accept, and vice versa?”
A Hollande victory would not take place in vacuum. Anger and frustration with austerity is rising across the continent, as seen in marches in Prague and Madrid, pushback from some of the austerity model's former strongest backers (like the prime minister of Spain), the collapse of the ruling coalition in the Netherlands, dissent among leading German politicians, and the general angst in Italy, Greece, Ireland, and Portugal.
Immigration reform: After step forward in Senate, a leap back in House?
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