Well, in what (I believe) NPR called the highest french voter turnout ever, voters have elected conservative Nicolas Sarkozy as President over Segolene Royal. He is expected to push for reforms that would push France towards a more US/UK-style of social and economic policies to help increase French growth and employment.
Kos luminary Jerome a Paris isn't completely convinced. Further, he again argues compellingly that, contrary to the standard line in most economic reporting, the economies of the US and UK aren't necessarily superior to that of France.
It will be interesting to see how this plays out.
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