French President
Francois Hollande has good news regarding the euro crisis.
Apparently, the crisis is behind us. Speaking in Oslo after the
European Union was presented with the
Nobel Peace Prize Hollande said:

The euro
crisis, I’ve said it before, is behind us. We’ve given Greece
the funds it was waiting for. In Spain we’ve helped keep the banks
afloat. In Italy, even if there’s political uncertainty, I’m
sure the Italians will address it.

German Chancellor Angela Merkel was not so optimistic:

I cannot lift the alert completely, I am a prudent optimist.

It is hard to take the economic forecasts of the French
President seriously.
The
taxes and
regulations introduced by Hollande’s socialist government have

prompted millionaires to flee France and encouraged
bankers to look for loopholes.

Back in August, Citigroup
predicted that chance of Greece leaving the euro within two months
was 90 percent. More recently,
Standard and Poor’s chief Moritz Kraemer put the chance of
a future Greek government leaving the eurozone at 33 percent.

The Chief Economist at Saxo Bank said last month that a Greek
exit from the euro is likely within six months. 

So, while predictions vary, few seem to see the crisis as
definitively “behind us.” Things must look rosy from the Élysée
Palace.