Although Francois Hollande rode to victory in France on an anti-austerity platform, Germany is standing fast.
Even with a new government in France, Europe's fiscal discipline pact is not up for negotiation, says German Chancellor Angela Merkel.
"It is a basic approach in Europe that we do not change everything we have decided upon already after elections, whether in big or small countries," she said this week. "If that was the case, then we could not work in Europe."
Some say these are possible signs of turbulent times ahead for the European Union, with some calling into question the whole idea of European integration.
In this video report, CNN's Fred Pleitgen takes a look at how the current crisis may shape the EU.