The results are in for the 2012 French and Greek Elections with Socialism being the big winner. In the French Presidential Election, French President Nicolas Sarkozy lost to Francois Hollande in a close race, 51.9% to 48.1%. The polls had been much worse for Sarkozy in the days leading up to the vote as the French media did its best to smear him. In the Greece elections, the pro-bailout New Democracy, Communist and Pasok parties fell short of winning a majority of seats, earning only 150, an even half of the Parliament. Perhaps they will be able to sway one member from another party to join them in forming a new government. Either way, it was very clear now that both France and Greece will be much more difficult in efforts to go along with austerity measures as part of any German-bank led bailout program.
Perhaps with Socialists winning the 2012 French elections, France will pay off its debts selling art? Image Credit: CIA World Factbook.
Read the rest of this entry »