Despite all the usual conventional wisdom about “narrowing leads”, the fact is that French President Sarkozy, certainly the worst French leader since Petain, will lose by at least 5 points in the election’s second round.
And this is indeed a great result for Europe, because it means the French may decide not to continue being Angela Merkel’s lap dog.
What’s needed now is a clear statement from Hollande that France will back a stronger ECB as lender of last resort, a higher inflation rate, and an increase in stimulus spending by Northern Europe.
Gorilla says: “A fudge may still be on offer, but it has fewer nuts, so the austerity allergy may at last be propagated!”
