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.
Politics are heating up in France and Germany as French president Nicolas Sarkozy clings to his political life and German chancellor Angela Merkel is under increasing pressure over more bailouts.
The Financial Times reports Merkel to join Sarkozy on campaign trail
PARIS — Standard & Poor’s cut France’s sovereign credit rating on Friday by one notch to AA from AA+, giving a thumbs-down to President Francois Hollande’s efforts to put the eurozone’s second largest economy back on track.
All three major rating agencies had already stripped France of its top-grade triple-A status. But S&P was the first to downgrade it for a second time, warning that the economic reforms of the past year were not sufficient to lift growth.
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
PARIS — Former French President Nicolas Sarkozy’s car wheeled out of the court parking lot in the dead of night Wednesday after he was charged in a corruption probe, a televised reminder of just how often France’s political elite is charged with wrongdoing in office.
The former conservative party leader, whose political comeback has been floated by his faltering UMP party, had been in custody answering questions from judicial officials. His personal lawyer, Thierry Herzog, and magistrate Gilbert Azibert were also questioned.
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."