The electoral victory of OMG!SOCIALIST!!! François Hollande in France has at least one right-wing nut in the U.S. convinced that Europe is burning. It's a little premature to declare an entire subcontinent (people, Europe's not a continent, no matter what the Risk board tells you- Eurasia's a continent, of which Europe, like India, is a subcontinent... pedantic bastard is pedantic) dead, when the socialist bete noire hasn't even been sworn into office.
The real fear that American wingnuts have is that any turn away from austerity measures will succeed, that the Keynesian model of government spending to prime the economic pump will show the idiocy of the trickle down economics and a model of taxation originally scribbled on a napkin. Yeah, economic success in a France led by a socialist would blow forty years of Reaganomics out of the water. If such success does take place, the wingnuts will try to ignore it. If unable to ignore it, they will scream about how planned economies are injurious to freedom- yeah, even if it's just the freedom to starve to death on the street.
It's going to be a long, stupid season coming up, with all sorts of attempts to make France seem like a pit of horreurs.