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Leftists poised for victory in French elections

11:00 AM, Jun 17, 2012   |    comments
President Francois Hollande
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PARIS (AP) -- Support for the stimulus policies of France's new Socialist president are getting a test Sunday.

President Francois Hollande is hoping his Socialist party emerges from Sunday's elections with an absolute majority in parliament. That would boost his push for stimulus spending to encourage growth.

Hollande's government also has pledged to reduce the deficit, but markets are worried about higher spending when France's debts are so high.

Hollande's Socialist party fared well in the first round. They are expected to come away from Sunday's elections with the most seats in the lower house of parliament.

France's political direction is important to the rest of Europe because it is the second-biggest economy in the eurozone and contributes heavily to bailouts to weaker nations and often drives EU-wide policy.

Associated Press

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