- Title: FRANCE: Hollande leaves his home, morning after election victory
- Date: 8th May 2012
- Summary: PARIS, FRANCE (MAY 7, 2012) (REUTERS) VARIOUS OF POLICE OUTSIDE HOME OF FRENCH PRESIDENT-ELECT FRANCOIS HOLLANDE HOLLANDE LEAVING BUILDING, SHAKING HANDS WITH SECURITY CAMERAS HOLLANDE OUTSIDE BUILDING, WAVING AND GETTING INTO CAR CONVOY LEAVING
- Embargoed: 23rd May 2012 13:00
- Location: France
- Country: France
- Topics: Domestic Politics,People
- Reuters ID: LVADBM54DBQ3CG8YI50VYO579E5G
- Aspect Ratio:
- Story Text: Francois Hollande stepped out as president-elect on Monday (May 7) after successfully beating incumbent Nicolas Sarkozy in France's presidential election on Sunday.
Hollande waved to neighbours before stepping into a car outside his home in the French capital, in which he was expected to travel to the Socialist Party headquarters.
Hollande faces a short honeymoon after his election as France's first left-wing president in 17 years, with financial markets eager for clear signals on his policies and how hard he plans to push back against German-led austerity.
The moderate Socialist beat conservative Nicolas Sarkozy with 51.7 percent of Sunday's runoff vote after a bruising campaign dominated by the same anger over economic crisis that has felled 10 other European leaders since late 2009.
While jubilant left-wing voters partied into the early hours of Monday in central Paris, Hollande admitted that for him, the festivities would have to be short-lived.
The new president is expected to be sworn in on May 15. Hollande will travel to Berlin shortly thereafter to challenge Germany's focus on austerity policies and press new ideas for stimulating growth as fears about the euro zone's debt crisis resurface following an inconclusive election in Greece.
Hollande must also quickly outline his domestic plans, likely to centre around a major tax reform, and revise over-optimistic growth targets which threaten France's deficit-cutting goals.
His plans to tweak a reform that raised the retirement age to 62 and increase the minimum wage are also rattling investors who fear France could drift away from the club of sound northern European borrowers and towards the debt-laden periphery.
- Copyright Holder: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2012. Open For Restrictions - http://about.reuters.com/fulllegal.asp
- Usage Terms/Restrictions: None