Socialist Francois Hollande defeated incumbent French President Nicolas Sarkozy. Before anyone sheds tears, Sarkozy was an admirer of Obama and supported the Islamic takeover of Libya. His loss will not make a difference. It is the French who will now pay the consequences of electing a Far Left Socialist.’
Socialist Francois Hollande has been elected as France’s new president.
He got about 52% of votes in Sunday’s run-off, according to early projections, against 48% for centre-right incumbent Nicolas Sarkozy.
Mr Sarkozy has admitted defeat, saying: “Francois Hollande is the president of France and he must be respected.”
Analysts say the vote has wide implications for the whole eurozone. Mr Hollande has vowed to rework a deal on government debt in member countries.
Exuberant Hollande supporters have already converged on Place de la Bastille in Paris – a traditional rallying point of the Left – to celebrate.
Mr Hollande capitalised on France’s economic woes and President Sarkozy’s unpopularity.
The socialist candidate has promised to raise taxes on big corporations and people earning more than 1m euros a year.
He also wants to raise the minimum wage, hire 60,000 more teachers and lower the retirement age from 62 to 60 for some workers.
Let the French reap what they sow.