Hollandaise Sauce

With the news that the new French President Francois Hollande's first act was to hot tail to Berlin to try and get the German Chancellor to change her plans for Europe  ..... uncomfortable memories were evoked of other French Presidents and other German Chancellors meetings in the not so distant past.

"You Can Go Left - But I Am Sticking To The Right Path"

If you believe in auguries, then the fact that he had to return back to Paris and get a second plane after his first flight was apparently hit by lightning, doesn't augur well for the success of his mission. Mayhap, like Neville Chamberlain he will return with a bit of paper to flutter in Paris, but probably nothing substantive will change.

Visits To A German Chancellors Don't Always End Well

The French President should perhaps remember that Hollandaise Sauce is always eaten cold, by all German Chancellors.

France Turns To The Left

Early reports suggest that France has turned to the left and elected Socialist Francois Hollande as the new President .... if this turns out to be true, then not only is the first defeat of an incumbent president in France since 1981 when Valery Giscard d'Estaing was beaten by socialist Francois Mitterrand and who went on to have  two terms in office.

Pres. Hollande - End Of Eurozone?

But this time it may signal the end of the Euro dream, because Pres. Hollande has publicly pledged to reverse or reduce many of the policies of debt reduction being carried out by ex Pres. Sarkozy and which had been agreed by Chancellor Merkle of Germany. This could lead to a split between France and Germany over the Euro currency and this may be the final trigger for some countries such as Greece, and Spain to leave the Eurozone.

Coincidentally, the Greeks also gave a crushing rebuke to the main political parties in a general election, and its likely that the hard worked agreements between Greece and the IMF and European Central Bank, will now collapse.

Where this leaves the Euro project will no doubt be debated for months, but for the Eurozone, another bout of instability is extremely likely in the coming weeks, and its one that it may not survive.

As the old Chinese proverb is said to go .... we live in interesting times.