crisis

Hollande slumps in polls ... and it could get worse

By Tony Cross

After four months in power President François Hollande has suffered a massive drop in popularity, his government is split over the eurozone fiscal pact and companies continue to lay workers off. This week is unlikely to see a turnaround — new unemployment figures will be announced on Wednesday and the cabinet will discuss a widely dreaded budget on Friday.

Crisis Shall Lead to China

By Alexander Golubov

The statements of Chinese Prime Minister Wēn Jiābǎo sounded after the meeting with the Head of German Government Angela Merkel, should give some optimism regarding the destiny of eurozone. China is ready to proceed investing into state bonds of European countries that have become the victims of debt crisis. The words of Wēn Jiābǎo that the People’s Republic of China shall coordinate its actions with the European Central Bank and International Monetary Fund, to help the eurozone to «solve the dilemma it has faced», should be the relief for Mrs. Merkel, provided there wouldn’t be one little «no». For the help to become real, European partners should follow some conditions.