France's new president, Francois Hollande will be sworn in on Tuesday, and will be entering office during one of the most perilous times for the Eurozone. http://www.eubusiness.com/news-eu/france-vote.ggu
A perspective on the upcoming meeting between Hollande and Merkel on Tuesday from the UK Guardian: http://www.guardian.co.uk/business/2012/may/13/eu-leaders-showdown-eurozone-crisis
Greece has been unable to form a government, and is likely heading for new elections, putting in doubt the government's ability to implement new austerity measures required for their bailout. http://news.yahoo.com/greek-efforts-coalition-flounder-131813794--finance.html
Economist Paul Krugman sees few options for the Eurozone - http://krugman.blogs.nytimes.com/2012/05/13/eurodammerung-2/?smid=tw-NytimesKrugman&seid=auto
But economist Barry Eichengreen sees difficulties for countries that want to leave the Euro, comparing the current situation in Europe to the historical situation with the gold standard he states, "Yet I am reluctant to believe that things will turn out the same way
this time. Four differences lead me to believe that maybe – just maybe –
the euro will survive.": http://www.project-syndicate.org/commentary/is-europe-on-a-cross-of-gold-
The bleak outlook in the media is punctuated by protests, like those this weekend in Spain:
http://edition.cnn.com/2012/05/12/world/europe/spain-protests/index.html?hpt=ieu_c1
...and the dominoes continue to fall in Germany: http://www.nytimes.com/2012/05/14/world/europe/in-rebuke-to-merkel-social-democrats-win-german-vote.html?hp
Is this a goodbye for Greece or Euro Zone? I think Greece is prepared for the problems that are about to come their way.
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