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Hollande's victory: The world ponders a major shift

Fran莽ois Hollande's victory may represent change for not just France, but Europe as a whole.

Le Monde (France)

, Sylvie Kauffmann

鈥淚n the second round 鈥 Francois Hollande became the herald of European hope, someone who can save the European social model through growth.

Suddenly, when Spaniards, Italians, and Greeks live the merciless daily budget cuts, a French candidate has crystallized a possible alternative, a light at the end of the tunnel.

No matter that hope rests on a gigantic misunderstanding: Many in France believe that the 鈥榞rowth鈥 miracle cure proposed by Hollande will allow us to escape the painful structural reforms if implemented by our neighbors.... [But] 鈥榚ach passing day, France has to borrow 500 million euros.鈥 The election of Francois Hollande has not changed the equation there.鈥

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