"Austerity need not be Europe's fate."
- FRANCOIS HOLLANDEsocialist French politician, after defeating incumbent Nicolas Sarkozy in France's presidential elections
"We cannot accept being subjected to the shortcomings of Europe's external borders."
- NICOLAS SARKOZYFrench president, addressing 50,000 supporters Sunday; Sarkozy threatened to pull France out of the visa-free Schengen agreement unless there is better protection against illegal immigration, which may cause "the implosion of Europe"
"To put the crisis behind us, we need more Europe, not less. And we need it now. "
- ANTONIO BORGESdirector of the International Monetary Fund's European unit, on the need for structural changes and more centralized governance in the euro zone
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