All those governments in Europe who thought that it was a great idea to combat the recession by imposing drastic austerity measures and balancing their budgets by squeezing the poor, labor, and middle classes are taking well-deserved drubbings. Yesterday, the governments of France and Greece joined that of the Netherlands, Spain, Portugal, and Denmark in getting kicked out of office.
France’s Nikolas Sarkozy had another strike against him in that was a jerk in addition to his policies being failures, according to this radio report from The World before the election.
It can’t have helped that his wife was also voted the most annoying celebrity.
Of course, the international financial oligarchy, fronted by the government of Germany, will continue to demand austerity using their control of credit and it will be interesting to see to what extent the new governments can resist the pressure.