Program

The End of Austerity Politics in Europe?

CONTEXT

May 08, 2012
By

Supporters gather for Francois Hollande, Socialist Party candidate for the 2012 French presidential election

In the wake of this weekend's elections in France, Greece, and other parts of Europe, headlines across the globe proclaimed that voters had delivered a major anti-austerity message to their governments. With European economies lagging and U.S. markets responding negatively, could this be the beginning of a sea change for economic policies in the Eurozone and beyond? We asked economist Kent Hughes, director of the Wilson Center's Program on America and the Global Economy, to provide analysis and perspective on what political change in France and other countries might mean.