Hollande Wins in France

From USA Today:

PARIS (AP) – Socialist Francois Hollande defeated conservative incumbent Nicolas Sarkozy on Sunday to become France’s next president, heralding a change in how Europe tackles its debt crisis and how France flexes its military and diplomatic muscle around the world….

Hollande wants to renegotiate a hard-won European treaty on budget cuts that Germany’s Angela Merkel and Sarkozy had championed. He wants more government stimulus, and more government spending in general despite concerns from markets that France needs to urgently trim its huge debts.

The election outcome could also have an impact on how long French troops stay in Afghanistan and how France exercises its military and diplomatic muscle around the world.

 

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  • Peter Stone

    While this French election is important I believe that the more important election this evening is in Greece. If it goes the way that the polls are suggesting then the Euro has only a limited time in its current form either by being done away with altogether or in a reduced form. We in the UK are relieved that we never entered into this currency union which if not dealt with quickly could possible bring all of Europe down with it.

    Peter