Sarkozy hopes for re-election dim

Rick Moran
With a week to go before the first round of France's presidential elections take place, current president Nicholas Sarkozy appears doomed to defeat. Reuters: Four polls published in less than 24 hours showed Hollande extending his lead, with the conservative incumbent's modest gains of the past month starting to evaporate ahead of a two-round contest taking place on April 22 and May 6. A CSA poll showed Hollande winning the May 6 run-off with 57 percent of the vote. Three other polls also indicated that his chances of becoming France's first left-wing president since Francois Mitterrand were improving. Sarkozy maintained that he had helped France weather economic crisis over the past four years far better than countries such as Greece or Spain, and he renewed warnings of market turmoil if Hollande won power. [...] "Mr. Hollande, by promising to raise spending without any commitment to cutbacks, is setting the stage for a confidence problem (in financial markets)," he...(Read Full Post)

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