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


EXCERPTS:

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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