The United States is not the only nation holding elections that will impact critical economic policies and the direction taken in every sector of government and private affairs.
France’s incumbent President Nicholas Sarkozy has the distinction of being his nation’s first sitting leader in three decades to be defeated seeking re-election. Sarkozy’s loss places him among a total of nine European leaders who have been ousted as the continent’s debt crisis balloons.
The campaign of newly elected Francois Hollande features a few proposals and policy perspectives that ring familiar:
1. Taxing citizens making 1 million Euros or more at a rate of 75 percent
2. Stimulus spending in the government through mandatory wage increases and government services