Merkel's government has never considered the hypothesis of an expansive fiscal policy. However, one can ask why the hypothesis of higher wage growth has not been taken into account.
The French Socialist Party (PS) suffered a dramatic fall in presidential and legislative elections, with a number of high profile members subsequently choosing to leave the party in the aftermath of the result..
The two mainstream parties, which have marked the history of the Fifth Republic have been both heavily defeated.The historic Franco-German couple at the helm of the European engine is adrift. The euro-area can hardly continue to mask its crisis.
