What Hollande’s victory means for Europe’s economy – CNN.com

(CNN) — François Hollande did not thank his opponent, Nicolas Sarkozy, during his acceptance speech Sunday night, after defeating the incumbent with 51.6% of the vote in the French presidential runoff. But he should have, as he ran an anti-Sarkozy campaign, promising to behave like a “normal president” in contrast to the impulsive, unpredictable and sometimes ostentatious Sarkozy. And it worked: Fifty-five percent of the voters who cast a ballot for him did it to defeat Sarkozy rather than to elect Hollande.

This victory comes after an odd campaign on both sides. Sarkozy started off courting the center by [continue reading in new window...]

Former PM confirms Sarkozy took $50M from Gaddafi | euronews

Another voice, that of former Libyan prime minister al-Baghdadi al-Mahmoudi in prison in Tunisia, has added credence to the accusation French President Nicolas Sarkozy took 50 million euros from the Gaddafis.

When French news website Mediapart published what it says is an official Libyan document confirming the deal had been made, Sarkozy went ballistic. Both are now sueing each other.

“This is an infamy, an infamy. when I think that there are journalists who would dare to give any [continue reading in new window...]

Report claims Sarkozy, Kadhafi in ‘secret’ nuclear deal – Yahoo News Canada

A French magazine is claiming that President Nicolas Sarkozy and Libya’s ex-strongman Moamer Kadhafi reached a “secret deal” to trade nuclear cooperation for the release of foreign medics.

Based on “confidential documents”, the report to appear Wednesday in weekly Les Inrockuptibles emerged ahead of Sunday’s run-off vote between Sarkozy and Socialist frontrunner Francois Hollande.

It came after Sarkozy, who has accused “biased” left-wing media of targeting him, said he would sue a website that claimed Kadhafi financed his 2007 campaign.

Neither the foreign ministry nor the presidency would comment on the [continue reading in new window...]

 

Disgruntled French Appear Set to Vote Out Sarkozy – CNBC

Voters look set to turn their backs on conservative Nicolas Sarkozy in Sunday’s first round of an election that could give France its first left-wing president in 17 years just as fears resurface over Europe’s sovereign debt crisis.

A sickly economy and a deep dislike of Sarkozy’s flashy style have dominated the campaign, but the outside world’s doubts about France’s commitment to balance its public finances are also at stake as feeble growth threatens deficit-cutting targets in Europe’s No. 2 economy.

The centre-right president, an impulsive showman, and his bland Socialist challenger, Francois Hollande, are neck-and-neck in opinion polls for the first round on about [Continue reading in new window...]

French Socialist’s big idea: tax the rich – My Way News

PARIS (AP) – French presidential candidate Francois Hollande, leading in polls but lacking in ideas that stick in voters’ minds, finally dropped a bombshell: As president, he would levy a 75 percent tax on anyone who makes more than (EURO)1 million ($1.33 million) a year.

The flashy idea from the normally bland Socialist proved wildly popular, fanning hostility toward executive salaries and forcing President Nicolas Sarkozy to defend his ostentatious friendships with the rich. It also unleashed debate in the French press about whether the wealthy would decamp for gentler tax pastures.

As much as France likes the plan, it does not seem to have assured Hollande’s victory, which, just three weeks before the [Continue reading in new window...]

Nicolas Sarkozy says France has too many foreigners – BBC News

French President Nicolas Sarkozy has said there are too many foreigners in France and the system for integrating them is “working more and more badly”.

In a TV debate, Mr Sarkozy defended his plan to almost halve the number of new arrivals if re-elected next month.

Mr Sarkozy is trailing in the opinion polls behind the Socialist candidate Francois Hollande.

He is also competing for conservative voters with the far-right National Front party led by Marine le Pen.

The president said while [Continue reading in new window...]

British, French ships join US carrier in Strait of Hormuz – Yahoo! News

British and French ships joined a US carrier group in a six-strong flotilla of warships which passed through the sensitive Strait of Hormuz, Britain‘s Ministry of Defence said Sunday.

The ministry said a Royal Navy frigate, HMS Argyll, was part of a US-led carrier group to sail through the waterway which Iran has threatened to close over Western moves to impose new sanctions over Tehran’s nuclear programme.

A spokesman said: “HMS Argyll and a French vessel joined a US carrier [Read full story...]