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| Français : Francois Hollande - Mardis de l'ESSEC (Photo credit: Wikipedia) |
French voters chose Socialist Francois Hollande as their new president Sunday in a race that will have implications for Europe's debt crisis, the Afghanistan war and global diplomacy.
Hollande, largely unknown outside French borders, beat out conservative President Nicolas Sarkozy, who faced widespread anger and disappointment over his handling of the economy.
A few reasons why the outcome matters in France and beyond:
Hollande could reshape the debate in the 17-nation eurozone. Until now, France and Germany - led by Sarkozy and Angela Merkel - have set the agenda on how best to restore troubled state finances and sluggish growth across the continent. The "Merkozy" solution: More cost-cutting to bring down debts and reassure markets. Hollande's solution: government-sponsored stimulus to revive growth.
DIPLOMACY
Hollande is a diplomatic unknown who will set a five-year course for his nuclear-armed country with a permanent seat on the U.N. Security Council.... Continue to read.
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