Comments on: Hollande won’t have much time to learn on the job http://blogs.reuters.com/breakingviews/2012/05/07/hollande-wont-have-much-time-to-learn-on-the-job/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: LoveJoyOne http://blogs.reuters.com/breakingviews/2012/05/07/hollande-wont-have-much-time-to-learn-on-the-job/comment-page-1/#comment-9149 Tue, 08 May 2012 21:41:48 +0000 http://blogs.reuters.com/breakingviews/?p=11271#comment-9149 On the contrary. Hollande has been dealt a new hand. He has nothing to lose. In fact, he’s got all the cards: aces in the hole.

Greece is teetering on the edge of a catastrophe. Spain is staring into the abyss. Nearly all the other European countries, aside from Germany, aren’t faring much better.

There’s no way in the world Europe will get out of this situation major stimulus, be it from the inside or the outside. History is crystal clear on this.

Euro politicians and technocrats have been praying that the American consumer and economic engine would save them. That, however, is just not going to happen anytime soon.

Devalue the Euro and provide stimulus to the European economies. There is no other way forward.

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