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Thursday 29 May 2014

It looms, folks

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/10861252/Europe-has-an-even-bigger-crisis-on-its-hands-than-a-British-exit.html



Yet Britain is the least of their problems. The much greater shock is the "Séisme" in France, as Le Figaro calls it, where Marine Le Pen's Front National swept 73 electoral departments, while President Francois Hollande's socialists were reduced to two.
Mr Hollande's address to the nation on Monday night was mournful. He had no answers beyond a few pro-forma utterings about "growth, jobs and investment", instantly undercut by his vow to press on doggedly with the same contractionary policies that led to disaster. His premier, Manuel Valls, even had to announce that the president would see out his five-year term, as if this were already in doubt.