Skip to comments.Short honeymoon for Hollande after French election win
Posted on 05/06/2012 10:55:18 PM PDT by Olog-hai
A victorious François Hollande faces a short honeymoon after his election as France's first left-wing president in 17 years, with financial markets eager for clear signals on his policies and how hard he plans to push back against German-led austerity.
The moderate Socialist beat conservative Nicolas Sarkozy with 51.7 percent of Sunday's runoff vote after a bruising campaign dominated by the same anger over economic crisis that has felled 10 other European leaders since late 2009.
While jubilant left-wing voters partied into the early hours of Monday in central Paris, Hollande admitted that for him, the festivities would have to be short-lived.
"There is a lot of joy and pride, but also apprehension at taking on this responsibility at a difficult time for the country and for Europe," he said.
The new president is expected to be sworn in on May 15. As fears about the euro zone's debt crisis resurface following an inconclusive election in Greece, Hollande will travel to Berlin shortly thereafter to challenge Germany's focus on austerity policies and press new ideas for stimulating growth.
Hollande must quickly outline his domestic plans, likely to center around a major tax reform, and revise over-optimistic growth targets which threaten France's deficit-cutting goals.
His plans to tweak a reform that raised the retirement age to 62 and increase the minimum wage are also rattling investors who fear France could drift away from the club of sound northern European borrowers and towards the debt-laden periphery.
(Excerpt) Read more at reuters.com ...
Is he going to spend France out of debt like the Rat/Rino’s plan to do here?
To quote a song “Nothin’ from nothin’ gets nothin’”
This proves you CAN beat somebody with nobody!!!
Zero has dreams to do the same to us ... go ahead Romney haters... make 0mbamas dream come true...
I don’t like Romney but I know what 0bama has planned for us.
I am pinching my nose and one more time voting for the least worse...
I wish Texas could even make a dent in the Primaries, it is always over before we get a chance to Vote.
Actually, he could take a page straight out of the US book and increase taxes on French companies...forcing them to consider leaving or leaving marginal profits for the share-holders. My guess is that you will hear more about this toward the end of 2012 when French economic results look even more dismal than they do today.
“Moderate Socialist” is an oxymoron.
The French idiots don’t understand that they’re out of other people’s money. Socialism will lead to more misery and definitely bloodshed.
Yup, they’re French...
Anyone know if “Hollande” is French for “Obama”?
“The moderate Socialist beat conservative Nicolas Sarkozy...”
Talk about mis-categorizing both men!
“The French idiots dont understand that theyre out of other peoples money. Socialism will lead to more misery and definitely bloodshed.”
Watch the gap between the french and german bonds jump - france is going to get crushed.
greece.francewhos next? they all wiil reject austerity eventually
I guess we have a lot in common with France now..they have a Socialist as President, and so do we..actually ours is a Communist but basically the same thing
The French do get one thing right.
Their new president gets sworn in about one week after he is elected.
In the USA every time we boot a liberal out of the White House he gets 10 weeks to destroy evidence, steal us blind and leave booby traps and IED’s for the new president.
Also, the collapse of the French economy while a Socialist is in office is icing on the cake...
“Their new president gets sworn in about one week after he is elected.”
oh I’m sure if a conservative was ever elected there, they’d give the liberal 10 more weeks.
Ok he’s the president of Frabce it’s goning be what the Chamber of Deputies look like .
“If we’re lucky, the French economy will collapse between now and November, so people will get an idea of what 4 more years of Obama will look like.
Also, the collapse of the French economy while a Socialist is in office is icing on the cake...”
It will be explained that they inherited the problem from Bush!
Does the moderate socialist eat jumbo shrimp?
I think a moderate socialist drives the bus over the cliff at 40mph rather than 60 mph.
France has just moved Inspector Clouseau from the Surete to the Elysee. Hollande, “Mr.Wobbly Man,” has never run anything in his life - never a Minister, nothing. Reminds me of a certain American politician.