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But on the other side of the Atlantic, the British Labour party has gambled on anger at austerity and lost.
Public anger at austerity is expected to flare again on Thursday when Germany's finance minister, Wolfgang Schäuble, is to visit Athens.
First, they are huge — in Greece, we're looking at austerity measures amounting to 16 percent of GDP, the equivalent for the US of $2.5 trillion every year.
On September 30th tens of thousands of demonstrators took to the streets in protest at the treaty and at austerity, urging Mr Hollande to "listen to the people not the financiers".
The CGT's general strikes last year were aimed partly at austerity measures, partly at unemployment, but not least at this fundamental issue.At the time, Mr Menem, unpopular though his government was, told the CGT to go hang.
Tax rises often have greater impact on the upper-income elite; service cuts are felt more keenly by those on lower incomes who may already feel disenfranchised.Anger at austerity is likely to be just one component of public dissatisfaction.
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Right now, many involved in statutory youth provision are pointing the finger at austerity-era budget cuts, such as the scything attack on local youth services and the ending of the education maintenance allowance.
Church has proved herself to be an intelligent, passionate activist, speaking at at anti-austerity marches, Glastonbury and fracking protests.
Huge meetings have been held across the country – I've spoken at several – but successfully chipping away at the austerity consensus remains a daunting challenge.
In Europe attempts at fiscal austerity have been followed by deep recessions.
Riot police fire tear gas on demonstrators in Athens, protesting at the austerity measures.
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