fair play. but his comments aren't helping greece, spain or europe. euro has taken a battering.
edit - the thing is, after thinking about it, Hollande's ideologies are probably going to just **** it up more. Not because they aren't good, but because they don't fit in with the thinking that has gone into financial strategy and planning in the past, the one that set this all up. He may save France by implementing Austerity measures, but that will ONLY save France, and will take ages; even so, it won't save Europe, or even come close.
Having said that, I genuinly don't know whats gonna happen. I think it was Einstein that said you can't solve a problem by using the same thinking that created it. And where are the US in all this? Silent, sitting back, no help at all. They have their own agenda altogether. Ur right, it is a wave of debt that comes crashing down due to default, thats what the credit crunch was. The only way I can see is to stimulate the economies in a different way......but everyones **** scared. Noones investing in Europe. I just attended a conference titled "East or West: Where to invest?" and everyone was saying BRIC, except the western banks, who can't say otherwise. As I said above, if you have money, private equity investments into SME's are the way. It may be slower, but its more certain. Interesting times.