France Goes to Hollande
Francois Hollande’s defeat of Nicolas Sarkozy is a challenge to France, to Europe, but most of all to Hollande. With a growth agenda needed to revive the EU economy, Hollande must convince Germany that its exclusive focus on austerity has put Europe on the wrong path.
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PARIS – France has now conducted its ninth presidential election under direct universal suffrage. And, for the first time in 17 years, after three consecutive defeats, the left – embodied in the Socialist candidate, François Hollande – will return to Élysée Palace. Indeed, the first implication of this unquestionably significant election is that it confirms a return to stability.