As goes the French economy, so goes the reelection chances of French president Nicolas Sarkozy. Although Sarkozy leads in round one, polls show that lead is shrinking at a pace that suggests he will not carry round one.
More importantly, Sarkozy is trailing again by double digits in polls for the decisive round two.
For those not familiar with elections in France, round one pits candidates from all the parties against each other on April 22. If no one gets 50%, the top two finishers square off in round two, on May 6.
ATHENS, Greece — France’s economy, Europe’s second-biggest, will grow by less than previously thought in 2013, President Francois Hollande confirmed Tuesday. While on a six-hour visit to Greece, Hollande said “everyone knows that for 2013, we will not reach our target, which was 0.8 percent.” He said a new growth target will be announced by the end of next month. France is waiting for the European Commission, the European Union’s executive arm, to release its economic forecasts for the 27-country EU on Friday. (MORE: Bold New Rule: Students in the U.K.