Sarkozy - another scalp for the debt crisis

2012-05-07 13:00
Gallery  |  click on thumbnail to view larger image

France presidential elections

Socialist Francois Hollande defeated conservative incumbent Nicolas Sarkozy to become France's next president. See all the latest pics.

Brussels - Nicolas Sarkozy is the latest national leader toppled by Europe's debt crisis after the fall of governments in Ireland, Portugal, Slovakia, Italy, Greece, Spain and the Netherlands.

Ireland

Prime Minister Brian Cowen was the first victim of the debt crisis when his Fianna Fail party, which dominated political life for 80 years, lost a general election in February 2011.

Cowen was replaced by Enda Kenny, of the conservative Fine Gael, who runs a coalition government that some months later was offered better repayment terms on a 2010 rescue package that many Irish took as a blow to national pride.

Portugal

Prime Minister Jose Socrates resigned in March 2011 after parliament rejected a fourth austerity package in less than a year.

After conservatives won June elections, new Prime Minister Pedro Passos Coelho urged the country for "much courage" to face up to more belt-tightening.

Slovakia

The centre-right government headed by Iveta Radicova lost an October 2011 confidence vote she called to secure the country's backing to beef up the eurozone rescue fund, the European Financial Stability Facility (EFSF).

Slovakia, whose approval was needed to strengthen the 17-nation bailout facility, finally approved it in a second vote won with the support of the opposition. On 15 March 2012, leftwing leader Robert Fico won the election.

Italy


Silvio Berlusconi resigned on 12 November 2011 after losing his parliamentary majority.

The 75-year-old media mogul, long a fixture of Italian politics, handed over to ex-European commissioner Mario Monti who set up a government of technocrats named to implement a tough anti-crisis austerity plan backed by the country's main parties.

Greece


Socialist Prime Minister George Papandreou stepped down on 11 November 2011 and was replaced by Lucas Papademos, a former deputy governor of the European Central Bank and ex-governor of the Greek central bank.

Papandreou faced fierce resistance to austerity measures demanded in return for fresh international loans to save Greece from bankruptcy.

But Greek voters angry over austerity dealt a major blow to mainstream parties in weekend elections, making it unclear how a new government will be formed.

Spain

Socialist Prime Minister Jose Luis Rodriguez Zapatero, facing a groundswell of discontent over successive austerity packages, decided to bring forward by four months to November 20 a vote initially scheduled for March 2012.

The election was won by conservative Mariano Rajoy who is implementing tough austerity measures to ward off market pressure despite fierce opposition protests.

Netherlands

Prime Minister Mark Rutte handed in his minority government's resignation on 23 April 2012 after failing to win support from the far-right to adopt a bid to reduce the country's public deficit to 3% as agreed under eurozone rules.

An election has been scheduled for 12 September.

Read more on:    george papandreou  |  jose socrates  |  mark rutte  |  mariano rajoy  |  silvio berlusconi  |  mario monti  |  jose luis rodriguez zapatero  |  brian cowen  |  pedro passos coelho  |  nicolas sarkozy  |  enda kenny  |  ireland  |  france  |  greece  |  slovakia  |  portugal  |  italy  |  the netherlands  |  spain  |  economy
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
17 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/Sport
 

BMW drift battle: M235i vs. speedway bike

Watch this insane drift contest with four-times dirt-track World champion Karl Maier riding a speedway bike against a BMW M235i.

 
 

Men24.com

Want to start talking dirty?
Everyday struggles of naturally skinny guys
And this year's Miss Bumbum title goes to...
How to maintain your mo, bro

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

20% off ALL TV Series

Choose from 1000’s of the hottest TV Series . While stocks last. Shop now!

Festive gifts!

Check out our awesome range of festive gifts to make everyone’s wishes come true. Shop now!

Seen something you like in our catalogue?

Find the perfect gift and save up to R5000 – As seen on the catalogue. Hurry and shop now!

Save up to R2200 on electronics! – As seen in the catalogue

Wishing for tech gadgets this festive? Save up to R2100 on hot tech products at kalahari.com. While stocks last. Shop now!

Up to 35% off books

Save up to 35% on the latest page-turners. While stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

There is a strong focus on social interaction and connecting with your friends. You may have the need to expand and connect with a...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.