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Planet leaders on Wednesday congratulated Socialist Francois Hollandeon his win in France's usa president election that observed yetanother European chief voted out associated with office amid the ongoingfinancial crisis. But, check here , reflecting uncertainty about France's following leader and hiseconomic prescriptions for the country. As the success celebrations wind lower, France next us president, Francois Hollande, faces many challenges. Dealing with thousands of supporters after defeating conservativePresident Nicolas Sarkozy in Sunday, Hollande promised justice, equality and also a better future intended for French youth. Hollande says he really wants to raise taxes within the rich and spend morein education, and that he wants Europe to promote growth and notausterity measures to turn across the financial problems.
But many folks question whether the 57-year-old socialist will be up tothe career. Hollande has been in national politics for years. Although he isan untested leader in stressed economic times. France'snational debt and being out of work are soaring. Plus the country'seconomy is scarcely growing.

Political expert Bruno Cautres: "No one knows exactly the capacity of Francois Hollande to facehuge economic problems, to take care of the job in order to be the Frenchpresident, " said Cautres. But Cautres states Hollande surprised a lot of people during thepresidential advertising campaign by sounding progressively presidential andcapable involving handling tough concerns. "Francois Hollande shown himself as a new normal guy instructions one whocan relaxed down all the anguish of the People from france population over theeconomic crisis, with this particular changing world which in turn is making theFrench population so [fearful] that will eventually we are going to losethe social protection, that will we are going to lose the socialsecurity that we are extremely attached to, very well he said. For the streets to Paris, Hollande supporters want 24-year-oldstudent Luiza Taiati are overjoyed by way of a candidate's victory.

Taiati says French leftists have been ready for 20 years with regard to aSocialist Party leader. Under Sarkozy, the lady says there hasbeen economic uncertainty, with individuals having a tough timemaking ends satisfy. But 33-year-old businessman Juan Pablo Vargas is concerned with thefuture. "I'm very preoccupied on France in addition to on Europe, especially becausewe're not sure Germany will continue to finance almost everything, ifHollande changes almost all the finances of France, " stated Vargas.

"I'mafraid [that France] might get singled out against Germany. In addition to ifthat happens, effectively, it can be a collapse regarding the Eu, which usually would not be best for anybody. very well Hollande says he would like to alter a fiscal discipline agreementbetween 25 of the twenty-seven European Union nations - including financialpowerhouse Germany. After their inauguration next 7 days [May15], Hollande is expected in order to meet with Germany ChancellorAngela Merkel, that is a strong supporter of budget self-discipline. Economist Tomasz Michalski of France's HEC business school saysHollande's necessitate growth is resonating in some other Europeancountries, as well-known protests mount in opposition to economic austeritymeasures. "Mr.

Hollande is an extremely wise guy, " said Michalski. "He's veryprecise in his vocabulary. He doesn't want to renegotiate thefiscal compact; he wants in order to modify and total it by way of a growthpact. And this is when he and Mrs. Merkel can meet. " But Michalski says the Socialist leader is building big promises forFrance and Europe -- promises he might not be able to keep in a timewhen monetary growth forecasts are usually bleak.

"Mr. Hollande cannot spend himself out of the recession, " he said. "He are not able to save money money; he or she cannot print even more money. Theproblem together with his policies is the fact that in the quick run, he might get ableto restore spending budget balance. But My partner and i don't observe how in Earth he'sgoing in order to stimulate long-term growth for France. inch In many ways, Michalski says, Hollande's political fortuneswill not necessarily depend on his / her policies, but upon external events.

When theglobal economy recovers, France's president-elect may be able todeliver in the promises. If certainly not, Michalski says, Hollandemight meet the same politics fate as out bound President NicolasSarkozy.

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