New Socialist Path for France

May 15, 2012 06:45

Francois Hollande has been sworn in as president of France, becoming the first Socialist leader in 17 years to occupy the Elysee Palace. – BBC News


From BBC News


His first lunch as president will be with the former Socialist Prime Ministers Pierre Mauroy, Laurent Fabius, Michel Rocard, Edith Cresson and Lionel Jospin.


His first job is to name a new prime minister, who our correspondent says will most likely be Jean-Marc Ayrault, leader of the Socialist group in parliament, a German speaker and a close ally. Michel Sapin, a key economic adviser to Mr Hollande, is tipped to be finance minister.


Mr Hollande has demanded that a European fiscal pact that cracked down on overspending be renegotiated to include a greater emphasis on measures to stimulate growth [spending], while Germany insists the treaty must be respected.


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