''Speaking from the Bastille last night, Hollande gave a clear sense of how he sees his victory: It signaled, he said, a “fresh start for Europe”— an indication that austerity is not be the continent’s destiny. The new French president has set off tremors in Berlin by arguing for stimulus spending to revive Europe’s ailing economy and calling for eurobonds to finance large infrastructure projects. Hollande has also pledged to veto the German-inspired fiscal compact, which would bind its 25 signatories to stringent budgetary rules, unless it is complemented by measures to promote growth and employment..''
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