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Why France Elected a Socialist President

rlarson Wrote: May 12, 2012 10:01 PM
France is the next greece.

France has elected only the second Socialist president in its history -- the first being Francois Mitterrand, who spent 14 years in the driver's seat back when French presidential terms lasted seven years rather than five, and who made a hard-right turn away from economic socialism and toward spending cuts after his first two years in office. The best France can hope for now is that the newly elected Francois Hollande takes a similar plunge into a pothole of pragmatism and douses any budding socialist ideas.

France is deeply in debt, so it's really not the time to experiment with an...