Veit Medick at Der Spiegel has a great scoop today on a secret agreement between the conservative governments of Germany, Italy, the UK and Spain to not support Francois Hollande, the Socialist candidate in this year’s coming French election.Unsurprisingly, German chancellor Angela Merkel is said to have been the driving force behind the agreement, thought to have been largely a response to Hollande’s controversial plans for a “renegotiation” of the EU treaty pact — specifically the role of the European Court of Justice and the use of EU funds for new growth initiatives.
Despite Merkel’s initial reluctance to be friends with the brusque current French leader Nicolas Sarkozy, the pair have formed a strong “Merkozy” alliance and she has openly campaigned for the French leader, still trailing in polls behind the Socialist candidate.
Interestingly, a new poll shows that the majority of French public appears to support Hollande’s controversial call for a 75% top tax bracket, Dow Jones reports.
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