Kerneuropa will finally have rallied behind teutonic economic management, for the small price of formalising the political oversight of these principles. What some seem to be painting as the next ‘Grand Bargain’ will in fact be the final capitulation to Berlin and Frankfurt’s brand of neoliberalism, and the end of any hope for Southern Europe escaping the economic crisis with its dignity.
There is a common thread in these votes, even if when we get into the details we find several differences. That is that there are strong forces across Europe pushing highly disruptive, anti-establishment messages and ideas.
With the French economy still stagnant, President Hollande gears up for another round of policies to kick-start the French economy; commentators fear this will not be enough for permanent change however.