French and Greeks reject their pro - austerity governments in Europe . Kent Hughes : America has a large influence in European economies . He says that short - term austerity measures do not revive economic growth . The French government will be looked over carefully by international investors . Hughes : Traders will suffer from market volatility , long - term growth will do fine .
French and Greeks reject their pro - austerity governments in Europe . Kent Hughes : America has a large influence in European economies . He says that short - term austerity measures do not revive economic growth . Hughes : Traders will suffer from market volatility , long - term growth will do fine .