Europe was plunged into fresh economic chaos last night as France rejected austerity and elected a tax-and-spend socialist president.
Nicolas Sarkozy suffered a humiliating defeat at the hands of Francois Hollande, who ran on a platform of tearing up last December’s controversial deal to save the euro from oblivion.
The inexperienced Mr Hollande is now seeking talks with the European Central Bank and German Chancellor Angela Merkel to demand further borrowing to boost growth.
The menace to the single currency was compounded when voters in near-bankrupt Greece also rejected plans to impose tough financial discipline.
The far Right looked set to grab its first seats, saying: ‘The day of national revolution has begun against those who are selling us out and looting the sweat of the Greek people.’
Written by CODED-ish
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