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.
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
On the even of Bastille Weekend and the 100th anniversary of the Tour de France, you know it must be bad when the French-company-owned ratings agency Fitch is forced to remove its AAA rating from France. Key drivers include Debt-to-GDP projections rising and substantially weaker economic output and forecasts.
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."