The News in France this week is that there is to be a runoff
election between the incumbent president Nicolas Sarkozy and socialist
challenger Francois Hollande. Many are
predicting this could be the end for Sarkozy, polls seem to indicate Hollande
is slightly ahead of Sarkozy. If elected
Hollande will be France’s first socialist president in 17 years.
Sarkozy has attempted to reclaim votes by appealing to
France’s right wing voters by discussing issues such as restriction on
immigration. Hollande has been arguing
for his policy to tax earnings over 1million Euros at 75%. Hollande has also proposed, as a response to
the financial crisis, to separate retail and investment banks.
Both Candidate clearly have opposite view when it comes to
the economy and reform. Sarkozy’s
popularity has fluctuated in the past years, he came under criticism for
raising the retirement age from 60 to 62 in 2010, yet he also was praised for
being both vocal and active against Gaddafi by using NATO to fight Libya’s
former leader. So who will win? Many
seem to think it will be Hollande on the platform of socialist reform. Other’s think Sarkozy could win by a very
thin margin. What do you guys think is
the future for France?
Here are the candidates policies on the French Economy