iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

Sarkozy, Hollande Heading To Run Off Election

PARIS (AP) — Socialist Francois Hollande and conservative President Nicolas Sarkozy are heading for a runoff election in their race for France’s presidency, according to partial official results in a vote that could alter the European political and economic landscape.

French voters defied expectations and handed a surprisingly strong third-place showing to far-right candidate Marine Le Pen, who has run on an anti-immigrant platform aimed largely at Muslims. That could boost her influence on the French political scene, hand her party seats in parliament and affect relations with minorities.

With 75 percent of the vote counted, Hollande had 27.9 percent of ballots cast and Sarkozy 26.7 percent, according to figures released by the Interior Ministry after final polls closed.

Le Pen was in third with 19.2 percent of the vote so far. In fourth place was leftist firebrand Jean-Luc Melenchon with 10.8 percent, followed by centrist Francois Bayrou with 9.2 percent and five other candidates with minimal support.

Turnout was also surprisingly high, projected by polling agencies at about 80 percent, despite concern that a campaign lacking a single overarching theme had failed to inspire voters.

Hollande, a 57-year-old who has worried investors with his pledges to boost government spending, pledged to cut France’s huge debts, boost growth and unite the French after Sarkozy’s divisive first term.

“Tonight I become the candidate of all the forces who want to turn one page and turn another,” Hollande, with a confidence and stately air he has often lacked during the campaign, told an exuberant crowd in his hometown of Tulle in southern France.

If you enjoy the content at iBankCoin, please follow us on Twitter