French elections are done in two rounds. The top two candidates by popular vote square off in round two. Things do not look good for French president Nicolas Sarkozy, especially for round two. However, he may not make it that far.
AP Photo/Laurent CiprianiPARIS (AP) — Former French President Nicolas Sarkozy is calling for a meeting with embattled conservative candidate Francois Fillon and his possible replacement to find a solution to the crisis that threatens to shatter the French right.
Latest polls show French President Sarkozy is losing ground to right-wing anti-euro candidate Marine Le Pen in the first round of the France presidential election. Via Google translate, please consider Le Pen and Bayrou Back
Citing "continuing weakness in the medium-term growth outlook," Moody's has downgraded France: *FRANCE CUT TO Aa2 FROM Aa1 BY MOODY'S, OUTLOOK TO STABLE Apearing to blame The EU's "institutional and political constraints," Moody's expects French growth to be at most 1.5% and does not expect the debt burden to be materially reduced this decade.
President Nicolas Sarkozy said on Sunday in his first public reaction to France's credit rating downgrade that the debt crisis could be resolved with reforms.He said he would make an address to the nation at the end of the month and would tell the French that "the crisis can be overcome provided that we have the collective will and the courage to reform our country."