France’s presidential elections have now finished and a socialist Francois Hollande is now the new president of France. It has been 17 years since France has had a socialist president.
Mr Hollande won the final vote by 52% in Sundays run-off compared to former president Sarkozy’s 48%. Mr Sarkozy made a statement just after the results were finalised stating, “Francois Hollande is the president of France and he must be respected.”
Mr Hollande became the popular vote in France as he capitalized on the current economic crisis as well as the unpopularity of former president Sarkozy. Mr Hollande has also promised to raise the minimum wage, hire 60,000 more teachers and lower the retirement age from 62 to 60 for some workers. He will also take aim at large corporations as well as people earning more than €1 million per year by raising the amount of tax they currently pay.
Those promises will be hard to attain in the current climate, so it will be interesting to see how and if he can make good on those campaign promises.