
IT looks as though François Hollande will stand alongside new Italian prime minister, Enrico Letta, in an attempt to water down austerity measures currently in place across Europe.
At a meeting between the two men in Paris, they presented a united front against those pressing for austerity and in particular German chancellor Angela Merkel.
Enrico Letta spoke of the importance of helping the people of Europe, not frustrating them, while he said it was important a banking union was established although he did say that he would continue to pursue a balanced budget in Italy.
Whether over the coming months the two men are able to redirect Europe into a period of growth is likely to rest on the prospects of the world economy, something that both Enrico Letta and François Hollande may not have to power to influence.