Disgruntled French appear set to vote out Sarkozy

France is the second largest economy in the Eurozone and has been the number one ally with the Germans in dictating terms of austerity to other debt-choked EU members. This weekend, the two part French elections appear to be setting up for a rejection of Sarkozy and potentially the fiscal pact with Germany. If the french reject planned austerity to garner further loans, there is ever more reason for the club-med countries to do so also. Political risks in the EU are clearly rising. Here is the direct video link.

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