Hollande vows new strategy for Europe | Bangkok Post: business

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Hollande vows new strategy for Europe

Francois Hollande was sworn in as president of France on Tuesday with a solemn vow to find a new growth-led strategy to end the crippling debt crisis threatening to unravel the eurozone.

After brief ceremonies and a rain-lashed walkabout, the 57-year-old Socialist headed to Berlin to confront Chancellor Angela Merkel over their very different visions as to how to save the single currency bloc.

"Europe needs plans. It needs solidarity. It needs growth,'' Hollande told dignitaries at his new home, the Elysee Palace, renewing his vow to turn the page on austerity and implicitly underlining his differences with Merkel.

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