The victory of French social-democrat Francois Hollande in the Sundayâs presidential elections creates a completely new dynamic on the European agenda.
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The newly elected president has openly positioned himself against Germany's way of managing the euro crisis, emphasizing that Austerity can no longer be the only option.
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EU Commission Chief Jose Manuel Barroso, a member of Sarkozyâs political family, welcomed Hollande's victory. Barroso said both leaders share the same growth-driven view for Europe.
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The socialist leader has never held a ministerial post and is new to the international stage. He has promised to push for a re-design of the EU Treaty on government debt, to create 60.000 teaching jobs and to apply a 75% tax on the richest.
