The defeat of Nicolas Sarkozy in France’s presidential election and the victory of a socialist president could be the straw that broke Europe’s back and by association, that of the global economy. Over the past two years there has been a struggle among Euro-types over what to do about the Eurozone’s many flagging economies. It started with several bailouts of Greece, whose citizens somehow feel that if their government can’t give them cradle-to-grave “care,” then the job should fall to the more industrious and harder working members of the European Union.
