Sunday’s elections across Europe have signaled a new direction as France elected Socialist François Hollande and the Greek Neo-Nazi party has won seats in its parliament. In his campaign, Hollande ran on reducing the retirement age from 62 to 60 and taxing incomes over €1M ($1.3M USD) at 75%. This has led to many wealthy French exploring a move to the United Kingdom.

What effects on the local and world economies and politics do you expect from these outcomes? What are your thoughts on competition between governments? Harvard economist Greg Mankiw recently wrote about in the New York Times.

Finally, don’t forget to vote today for the Vice President!