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Keyword: businessfear

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  • Presidential Election in France Raises New Concerns for Investors

    04/18/2012 3:56:56 PM PDT · by Cincinna · 9 replies
    The New York Times ^ | April 18 2012 | LIZ ALDERMAN in PARIS 
    To the list of worries about the euro zone, add one in bold: the fate of France as it heads into the first round of a closely contested presidential election this weekend. After a long stretch in which President Nicolas Sarkozy grappled with the euro crisis, investors are now wrestling  with the implications of a potential victory by Socialist candidate, François Hollande. Mr. Hollande’s pledges of higher taxes on the rich, and higher government spending, are luring voters disenchanted by the austerity medicine Mr. Sarkozy administered in hopes of protecting France from financial contagion. Many investors, though, are questioning what...