European elections and the global recovery?

[Beet]

Keynesian analysis without political context would lead one to believe that France has been in a recession for nearly forty straight years by virtue of their annual deficit spending each and every year for nearly half a century.

And yet, France is much wealthier now than it was 40 years ago, and even if there is a crisis, it won't be because of deficit spending, it'll be because of the single currency.