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Wonkbook: Can a French Socialist save the euro zone?

In France, the Socialist candidate, Francois Hollande, won a narrow victory in the first round of France's presidential election. He and Nicolas Sarkozy will now move to a runoff. But Hollande will not mainly be running against Sarkozy. As his campaign manager said, the vote “is a reaction against austerity." Hollande's campaign platform is, in large part, a protest against austerity.
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