Paul Krugman, Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008 at a press conference at the Swedish Academy of Science in Stockholm (Photo credit: Wikipedia)

This is a MUST-READ article from Nobel Prize winning, liberal economist, Paul Krugman, in the NYT. Check it out!

via The Fall of France – NYTimes.com.

Personally, I prefer Krugman when he focuses on economics, rather than venturing opinion on politics – his politics are colored by his liberal views. But his article on France’s economic performance yesterday was excellent.

However, I must say that I agree that President Hollande has been a failure. Hollande has completely failed to live up to his anti-austerity rhetoric.

In my mind, we are witnessing German hegemony over Europe, via fiscal constraints. A similar point has been made by leading Oxford economist, Simon Wren-Lewis, using different language.

As…