So What to Make of Euro?

The widely expected victory of Francois Hollande¬†in the just concluded French¬†presidential election is going to pose a fresh challenge to the German-dominated policy of economic austerity in the euro zone. Here is from AP: “Socialist Francois Hollande defeated conservative incumbent Nicolas Sarkozy on Sunday to become France’s next president, heralding a change in how Europe…

Tough Days Ahead For UK?

The UK economy is in the midst of a double dip recession¬†– its first since 1975. “The UK economy has returned to recession, after shrinking by 0.2% in the first three months of 2012.” UK manufacturing is slowing down drastically increasing fears for growth. Despite this Prime Minister Cameron does not plan to abondaon austerity…