Election Results in France
U.S. markets slide
- Duration 1:50
- Date May 7, 2012
U.S. markets slide
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-- the French are getting used to the idea friends -- long as their new president's.
He did he defeated by a slim but decisive margin incumbent president here Nicholas Sarkozy.
I chatted with a few people on their way to work this morning it was -- of their hopes and to their concerns.
Good good very good thing this isn't rock slides.
-- -- Jake and and take that you're very it -- local -- and it's and it's good -- People -- very good -- his office I hope that's possible and it's going to do good job and am hopeful that he's going to do that.
Do you have any fears that perhaps is too much spending too much and that's my fear that he's not going to control public finances as he should have.
Or at CSU of the -- to do.
That's going to be tough job for him -- Along did make a lot of promises -- campaigning call for -- into austerity emphasis on growth and that could mean tax hikes and more spending.
That and an anti austerity vote in Greece has sent the markets and the hero down here initially they are settling down a bit.
Insiders that we've been talking to today say once a -- gets into office he could be hopefully a little bit more pragmatic.
As first Turco is he's clearly a victim of the tough times he is the eleven -- eleven European leader to lose his job since the start of economic troubles on the continent.
They also might be a victim of his brash style indications that he and his glamorous wife Carla.
-- step away from political limelight for a while.
Right now along the set to be sworn in on May fifteenth.
And the president Obama's already invited them for dinner at the white house on his way to G-8 and that NATO summits in the states later this month Washington wants.
A little bit of reassurance vote on the economic.
The security side from this new administration.