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Date Posted: 13:44:49 05/06/12 Sun
Author: Popeye
Subject: France Votes for President Today

http://www.google.com/hostednews/ap/article/ALeqM5jj5d0wlRnUywMOgym7kQJwnPolOQ?docId=480197a946ed41689fbfb891575c10a2

Its the same old story in France pitting the Conservative Sarkozy against the upstart Liberal Hollande.

French President Nicolas Sarkozy is widely expected to be kicked out of office. France votes in a presidential run-off election on Sunday that could see Socialist challenger Francois Hollande defeat incumbent Nicolas Sarkozy by capitalizing on public anger over the government's austerity policies.

The election outcome will impact efforts to fight France's debt crisis, how long the nation's troops stay in Afghanistan and how France exercises its military and diplomatic muscle around the world.

Hollande has promised more government spending and higher taxes — including a 75-percent income tax on the rich — and wants to re-negotiate a European treaty on trimming budgets to avoid more debt crises of the kind facing Greece. That would complicate relations with Germany's Angela Merkel, who championed the treaty alongside Sarkozy.

Under Sarkozy, France pledged to rein in its spending while the rest of 17 countries that use the euro embark on a strict period of belt-tightening. In France, that has included programs designed to reduce government employment.

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