The Madeleine Brand Show for May 7, 2012

How the French elections will affect the world economy

France's President Nicolas Sarkozy (C) s

AFP/AFP/Getty Images

France's President Nicolas Sarkozy (C) sits next to German Chancellor Angela Merkel (L) and European Commission President Jose Manuel Barroso (R) after he delivered his speech at the Conservative European People's Party (EPP) congress in Marseille, on December 8, 2011.

Economic concerns dominated in the recent French election, specifically the controversial measures the French government took to handle their debt crisis.

While former president Nicolas Sarkozy supported the German austerity measures, new president Francois Hollande has come out in favor of measures to stimulate growth.

With Angela Merkel insisting that she does not want to re-negotiate the European financial agreement, which mandated strict austerity measures, a potentially tricky meeting lies ahead for Hollande and Merkel.

Felix Salmon, financial blogger at Reuters, joins the show to discuss how the Hollande's election will affect the European debt crisis and the world economy.


Felix Salmon is a financial journalist and blogger at Reuters.

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