INTERNATIONAL. If the financial market believes that Hollande is serious, French interest rates will rise, and the deficit will increase. Ambitious people will refrain from investing and working in a country hostile to income inequality and as a result unemployment will rise as well.
INTERNATIONAL. The Greek situation - having perhaps outlived the term "crisis," now that it has taken so long to unfold - appears to have finally reached its terminal point. This is, of course, an illusion: It has been at its terminal point for a long time.