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Entire world leaders on Mon congratulated Socialist Francois Hollandeon his success in France's presidential election that saw yetanother European chief voted out associated with office amid a good ongoingfinancial crisis. Yet, European financial market segments remainvolatile, reflecting doubt about France's up coming leader and hiseconomic prescriptions for the country. Because the victory celebrations wind straight down, France next president, Francois Hollande, looks many challenges. Responding to thousands of proponents after defeating conservativePresident Nicolas Sarkozy about Sunday, Hollande guaranteed justice, equality and a better future for French youth. Hollande says he wants to raise taxes on the rich and spend morein education, and wants Europe to advertise growth and notausterity measures to switch throughout the financial problems.
But many men and women question whether the particular 57-year-old socialist is usually up tothe work. Hollande has been in national politics for years. Yet he isan untested leader in struggling economic times. France'snational debt and being out of work are soaring. As well as the country'seconomy is scarcely growing.

Political analyst Bruno Cautres: "No one knows precisely the capacity of Francois Hollande to facehuge economic problems, to deal with the job in order to be the Frenchpresident, " said Cautres. But Cautres claims Hollande surprised lots of people during thepresidential campaign by sounding increasingly presidential andcapable regarding handling tough concerns. "Francois Hollande shown himself as the normal guy - one whocan calm down each of the anguish of the France population over theeconomic crisis, with this particular changing world which in turn is making theFrench population so [fearful] that eventually we intend to losethe social protection, of which we are going to lose typically the socialsecurity we are quite attached to, inches he said. Within the streets to London, Hollande supporters like 24-year-oldstudent Luiza Taiati are overjoyed by their candidate's victory.

Taiati says French leftists have been waiting around for two decades with regard to aSocialist Party leader. Under Sarkozy, the lady says there hasbeen economic uncertainty, with people having a tough timemaking ends meet up with. But 33-year-old entrepreneur Juan Pablo Vargas is concerned about thefuture. "I'm very preoccupied on France and on Europe, specially becausewe're not positive Germany will proceed to finance every thing, ifHollande changes all the finances regarding France, " explained Vargas.

"I'mafraid [that France] might get isolated against Germany. In website to ifthat happens, properly, it's really a collapse of the Eu, which would not be good for anybody. very well Hollande says he wants to alter a fiscal discipline agreementbetween 25 of the 28 European Union nations - including financialpowerhouse Germany. After the inauguration next 7 days [May15], Hollande is expected in order to meet with Germany ChancellorAngela Merkel, who may be a strong supporter of budget self-control. Economist Tomasz Michalski of France's HEC business school saysHollande's demand growth is resonating in some other Europeancountries, as well-known protests mount against economic austeritymeasures. "Mr.

Hollande is an extremely smart guy, " explained Michalski. "He's veryprecise in his dialect. He doesn't want to renegotiate thefiscal small; he wants to be able to modify and full it by way of a growthpact. And this is where he and Mrs. Merkel can meet up with. " But Michalski says the Socialist leader is helping to make big promises forFrance and Europe : promises he may possibly not be able to keep in a timewhen financial growth forecasts are usually bleak.

"Mr. Hollande cannot spend themself out of the recession, " they said. "He are unable to spend more money; he cannot print more money. Theproblem along with his policies is the fact in the quick run, he may turn out to be ableto restore price range balance. But My partner and i don't observe how about Earth he'sgoing in order to stimulate long-term progress for France. inch In many techniques, Michalski says, Hollande's political fortuneswill not really depend on his / her policies, but in external events.

In the event that theglobal economy recovers, France's president-elect could be able todeliver in the promises. If not necessarily, Michalski says, Hollandemight satisfy the same political fate as amazing President NicolasSarkozy.

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