EU Austerity Rethink Urged as Voters Back Protest Parties
This article is for subscribers only.
European Union leaders north and south of the economic divide are channeling an anti-austerity electoral backlash as they seek to push the case for an easing of fiscal policy throughout the euro zone.
Italian Prime Minister Matteo Renzi’s victory and French President Francois Hollande’s defeat in the European elections united them in seizing on the results to press for an overhaul of the EU’s German-backed budget-cutting model that has held sway since the debt crisis erupted more than four years ago.