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Paul Krugman Nails It On The French Election

The conventional wisdom in Europe goes like this: The leadership of Europe has been a total disaster throughout the crisis, but it would be HORRIBLE if France changed course and didn't re-elect Sarkozy. Today we get the first results of the French election, and we'll see, most likely, that Sarkozy and his liberal challenger Francois Hollande will be headed for a runoff this summer.
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