Financial Fork in the Road for Greece and the EU
Greece has electorally divided themselves between a three radical parties who are struggling to form a coalition. Hans Kunnen from St George Bank believes none of radical party heads actually want the mandate to lead. Negotiations continue while the country is left in political and economic limbo.
Higher up the European ladder of power, the election of Socialist François Hollande to French Presidency may result in a showdown in the halls of the EU. German Chancellor Angela Merkel worked with former President Nicolas Sarkozy to develop austerity measures to dig Europe out of its financial crisis. But the French President elect believes that Government Bonds and stimulus packages are the answer. Hans Kunnen believes that pragmatism must be in order.