Just hours after his inauguration, Francois Holland went not to his office, but to Berlin for a much anticipated meeting with Angela Merkel.
Having rejected his predecessor’s policies, the French president is hoping to change the nature of the Franco-German alliance.
He has the choice of angering his euro neighbours or the people who voted for him. We discuss that with Grant Lewis, Head of Economic Research at Daiwa Capital Markets in London.
Also in the programme: Spain struggles with its banking sector problems, while JPMorgan Chase counts the cost of a massive miscalculation.