Opening Quotes

Wolfgang Munchau (FT): ‘Bravo Merkel on campaigning for Sarko’

The introduction of partisan politics into Franco-German relations raises a number of questions. It is not clear that Ms Merkel’s support will benefit Mr Sarkozy. According to opinion polls, the Socialists are on course for one of the most crushing political victories in modern French history. A victory for Mr Hollande would throw the eurozone’s anti-crisis policies wide open. I would welcome this. As it stands, the fiscal compact would land Spain in a debt trap from which it might never recover inside the eurozone. The French presidential vote is thus more than just a national poll. It is about the future of the eurozone.

And if Mr Hollande wins the election, he may well return the favour, and campaign against Ms Merkel in 2013.

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