France and Greece have shown clearly how the public reacts to “austerity”. The maniacal targeting of the poor and total disregard for public welfare in Greece has demolished the two main parties there. France has answered austerity with venom.
The problem with the Eurozone is now starting to look very like a range of options for creating an upper and lower strata of European countries. France and Germany have been going to some lengths to deny they’re even thinking about it.