Hollande and Merkel Set For Showdown

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11:22 GMT, 14 May 2012 The Daily Mail

Hollande and Merkel set for showdown on fate of Euro... as Greece continues
to teeter on the brink without a government.


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The fate of the Euro could be decided in the next 48 hours - when France's new 'champion of growth'
President meets with Germany's 'austerity cheerleader' Chancellor
.

Francois Hollande is set to meet Angela Merkel in Berlin tomorrow, soon after he is sworn in as President,
in what observers hope will result in a deal to help save the single currency.

The summit comes amid growing pessimism over the future of the euro in its current form, and against a
background of political paralysis in Greece and a worsening crisis, and protests, in Spain.

It also follows a bad weekend for Merkel, whose Christian Democrats were 'crushed' in yesterday's North-Rhine
Westphalia elections, and who faces increasing isolation due to her austerity measures.

The regional election, which involved one in four Germany voters and seen as a 'gauge of the future of
national politics', saw her party drop between eight and nine points on two years ago.

It could be seen as a further fillip for the European centre-left, which is championing growth measures to dig
the continent out of its sovereign debt crisis, as opposed to austerity measures being pushed through by the
centre-right.
 
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