Sarkozy’s Fall Symbolic of the Euro

From the Hearld Tribune

Nicolas Sarkozy, defeated Sunday in France’s presidential runoff by Socialist challenger Francois Hollande, joins a series of European leaders booted from office because of public anger over government spending cuts and economic crisis. Almost every crisis-hit European country that has held an election since disaster struck in 2009 has thrown out its leader.

Here’s a look at countries where political cadavers litter the landscape.

– ITALY: Silvio Berlusconi, the long-serving leader and survivor of scandals over everything from allegedly bedding escorts to serial corruption, finally bites the dust in November 2011. He resigns to cheers and jeers as investors lose confidence in his ability to spur economic growth and rein in debt. It’s the end of a political era. Mario Monti, a former European Commissioner, is named to replace him and lead a technical government until elections in 2013.

– GREECE: Greek Socialist leader George Papandreou swept to power in October 2009 pledging to spend his way out of a deteriorating economic situation. Two years later, at the height of Greece’s worst financial crisis since World War II, Papandreou’s own deputies force him out after he endangers a hard-won bailout by pledging to put it to a referendum. He’s replaced by caretaker Prime Minister Lucas Papademos. On Sunday, Greek voters punish the country’s two dominant… (read more)

All opinions expressed on USDR are those of the author and not necessarily those of US Daily Review.

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