FRANCE - French President-elect Francois Hollande is to start work on forming a new government, after telling supporters his victory gave hope of an end to austerity. Mr Hollande has vowed to rework a deal on government debt in eurozone member-countries to focus on promoting growth.
EUROPE - A new eurozone crisis is looming as Spain signalled on Monday it was ready to bail out ailing banks after markets shrugged off the election results in France and Greece. Prime minister Marian Rajoy indicated the Government was ready to intervene to save banks wrestling with the collapse of the housing market.
EUROPE - Anti-austerity movements are gathering pace across Europe following political earthquakes in France and Greece, with 12 governments dismissed over the last three years. With unemployment in Europe at its highest level since the creation of the single currency, resentment has been growing over whether strict budgetary discipline is the best way to brace a spiral of debt.
ISRAEL - Elections will be held on September 4, Prime Minister Benjamin Netanyahu announced at a cabinet meeting on Monday morning, saying the next government would have to deal with Israel’s core issues.
GERMANY - German Chancellor Angela Merkel's centre-right coalition lost power in the state of Schleswig-Holstein, first estimates showed Sunday, after a vote that could presage national elections next year.
ATHENS, GREECE - Greek voters enraged by economic hardship caused by the terms of an international bailout turned on ruling parties in an election on Sunday, putting the country's future in the euro zone at risk and threatening to revive Europe's debt crisis.
GREECE - Greek neo-Nazi party Golden Dawn warned rivals and reformers Sunday that "the time for fear has come" after exit polls showed them securing their entry in parliament for the first time in nearly 40 years. "The time for fear has come for those who betrayed this homeland," Golden Dawn leader Nikos Michaloliakos told a news conference at an Athens hotel, flanked by menacing shaven-headed young men.
FRANCE - Fresh from the election campaign, president-elect Francois Hollande faces a new battle with France's European partners, in particular Germany, to add a growth pact to balance the EU's new compact on strict budgetary discipline.
GREECE - They may not have claimed ultimate victory, but the biggest winners of the elections in France and Greece were the parties of the extreme right. So far none of these rapidly growing parties has succeeded in FORGING A MEANINGFUL ALLIANCE WITH ANY OF THE OTHERS ACROSS NATIONAL BORDERS.
FRANCE - He has admitted that he 'does not like the rich' and declared: 'MY REAL ENEMY IS THE WORLD OF FINANCE'. France will be waking up today to its first Socialist President for 17 years – and bracing for radical change. There are all kinds of reasons why one might fear a François Hollande presidency, especially if you are a prosperous French person.
GREECE - Greek voters dealt a serious blow on Sunday to the fragile political consensus that has kept Europe's currency bloc intact through more than two years of crisis, rejecting the austerity-for-aid policies that have shielded the country from bankruptcy and a euro exit.
EUROPE - The euro fell against the dollar and the pound on Monday following weekend election results. Poor performances by pro-bailout parties in Greece and the victory of Francois Hollande in France, who wants to focus more on growth, have cast doubt on European austerity plans. The euro fell as low as $1.295, its lowest since January, and dropped to three-year lows against the pound.
GREECE - Greek centre-right leader Antonis Samaras will try to form a government, despite an election in which voters deserted the major parties. His New Democracy party and socialist Pasok attracted less than a third of the vote, in an election that throws Greece into political uncertainty.
FRANCE - French President-elect Francois Hollande is to start work on forming a new government, after declaring to his supporters that his victory gave hope there would be an end to austerity. Mr Hollande has vowed to rework a deal on government debt in eurozone member countries to focus on promoting growth.
EUROPE - François Hollande's election threws down the gauntlet to Angela Merkel, the German Chancellor, who has railroaded the eurozone into agreeing a new "fiskalpakt" treaty enshrining Germany's austerity doctrine. The economic doctrine of austerity, to cut the burden of state spending to free up the economy, has ruled supreme with the support of all of Europe's leaders, the European Union and financial markets.