Francois Hollande will be the next president of France, the winner of a run-off election on Sunday between himself and Nicholas Sarkozy. Hollande, a Socialist, has promised to rollback, or at least modify, the austerity measures championed by his predecessor.
European leaders meet in Brussels on Thursday for a two day summit on the continent’s debt crisis. French President Nicholas Sarkozy and German Chancellor Angela Merkel are hoping to convince other nations to agree to changes in the European treaty. Meanwhile, ratings agency Standard and Poor’s says the E.U.’s credit rating is on watch.
Europe’s deepening financial crisis has the White House apprehensive over the potential economic and political ramifications in the United States. “The crisis in Europe remains the central challenge to global growth,” Treasury Secretary Timothy Geithner said Thursday. Under pressure from the Frankfurt Group – eight European leaders including German Chancellor Angela Merkel, French President Nicholas […]
French President Nicolas Sarkozy and British Prime Minister David Cameron arrived in Tripoli this morning, becoming the most senior Western leaders to visit Libya since Col. Moammar Gadhafi fled in August. Nour Ajaj, a hotel worker in Tripoli, reacts to the visit.