Will a Hollande victory change Euro-economics?
John Palmer, former European editor of the Guardian, spoke to Solidarity about the background to, possibilities of, and implications of the call by François Hollande, who looks likely to win the presidency of France in the run-off poll on 6 May, for a reshaping of European Union economic policy. Hollande’s position to some extent reflects a shift in the thinking of important sectors of capital and the political elite outside social democracy. It is clear that even among finance capital there is growing scepticism about the coherence of a deflationist austerity strategy. There is a broader...