The second largest economy in Europe and a debt-ridden country on the brink of default. France and Greece are holding elections this Sunday in what can be the day that Europe re-shapes its economic future.
According to the latest polls, French socialist frontrunner Francois Hollande is 7 points ahead of his rival President Nicolas Sarkozy. Hollande has openly rejected the current austerity trend that dominates Europe in favour of growth-oriented measures.
"The French elections are going to be a big game-changer for Europe and probably for the world. I'm sure Francois Hollande will win the elections and then we will have a different kind of France, a different kind of French-German relationship, different kind of european priorities. I expect that a lot will change as far the growth objectives are concerned", says Georgi Gotev, Senior Editor at EurActiv.com.
As a center piece of the so-called Merkozy alliance to steer Europe out of the crisis, the EU fiscal treaty is a big concern for the ...
