And you blame Obama for the lack of jobs in the US... You critize the europeans on blaming everything on government when you do it too.
France is the second most important economy in the EU. They are calling the shots beside the German chancellor. Hollande is against severe austarity against the greek people, he believes if you create stability and well being in a country, you will create wealth. Now, the 1/3rd of the people cant work, there are no government jobs available and foreign investment was pulled by the crisis. If you have happy, safe citizens, entrepreneurs will have a safe place to create businesses and wealth. In time, greater investment will be provided to support the GDP growth. Higher GDP growth attracts more investment.
The European Economic Union was to create a stable, free internal trade where the richer countries could help cover the lagging countries. Germany, France, Spain, Italy and a few other countries poured a fuckload of money into the banks to avoid as a preventative investment. THAT is why these countries are scared shitless because if the Greeks default, all the money vanishes leaving the other EU countries to assume the loss.
Mr Hollande is a socialist (gasp!) But, he walks the streets, salutes people and pisses off his staff for not confining himself to secure quarters. He listens to normal people and not the utra rich people who try to control goverment...because that is what a socialist believes. I don't know much about him except for that, so I wish him the best. Europe needs to get creative to solve this problem.