Par Julien Balkany le 18 mai 2012
French voters expressed themselves at the polls democratically choosing alternation in electing Francois Hollande as President. With only the second Socialist Party president in French history, France risks once again experiencing the errors and hesitations of Socialist power at the helm. The U-turn of the last Socialist President, Francois Mitterrand, from socialist economic policy to one of austerity comes to mind.
Even prior to taking office Hollande explained in a media appearance that the fiscal state of the nation is worse than previously thought – a convenient position from which to perhaps prepare French voters for a letdown on the costly promised state spending that formed the cornerstone of his campaign.
