Content about Nicolas Sarkozy

New French President Francois Hollande has declared assets under his possession worth €1.17 million, local reports revealed. The career politician with four children reportedly owns three properties in the south -- a family villa in the hills above Cannes and two small flats. Other than the property, he has a life insurance policy worth only €3,550, furniture worth €15,000 and a total of €8,258 in current accounts, the reports said, citing his declaration in the official gazette. 

François Hollande was sworn in as president of France on 15 May to become the first Socialist to hold the highest post in the country in 17 years. Hollande announced that his first actions would be to name his prime minister and then to fly to Berlin for talks with German Chancellor Angela Merkel.

Turkey’s Economic Minister Zafer Caglayan recently criticised European leaders for their failure to resolve the eurozone sovereign debt crisis, saying their failure has yield negative repercussions on Ankara’s growth, news agencies reported.

The Turkish minister said in Washington that Europe is obviously in deep trouble economically and two leaders in Europe, the German Chancellor Angela Merkel and French President Nicolas Sarkozy, did not show much resistance.

There is a common adage that all political careers end in failure. One such politician facing such a prospect this week is French President, Nicolas Sarkozy. After the first round of elections, the incumbent found himself in second position behind Francois Hollande from the Socialist Party. The two men will now face a run-off on 6 May, the same day as elections in Greece. The future direction of the European Union, and in particular the single currency, will, in different ways, be an issue at the polls.

Franocis Hollande has won the first round vote of the French presidential elections on 22 April.

The centre-left candidate, narrowly defeated incumbent president, Nicolas Sarkozy, by 28.6% of the vote to 27.1%. It is the first time that a sitting president has failed to win a first round vote since the beginning of the Fifth Republic in 1958.

The two men will no face a second round vote on 6 May.

With the Eurozone's financial firewall falling short by about €200 billion, it was decided to set it at a round sum of €700 billion, the euro area money zone is in dire straits, between the Greek and Portuguese fiscal gaps and the recapitalisation problems of most Spanish banks.

On 10 April, a Bank of France monthly report showed that the country's economy posted no growth in the first quarter and there is no sign of a brisk recovery. The Bank of France indicated that the Eurozone's second largest economy had avoided a recession and that activity was likely to remain stable in the coming months, a picture confirmed by soft manufacturing data on 9 April from the Insee national statistics office. 

Dr Wolfgang Schäuble, the German Federal Minister of Finance last week came up with a completely watered down proposal for the much advertised European tax on financial transactions: The famous 'Tobin tax'.

The issue of dependence of the third generation is a real concern in France as well as in the majority of the members of the European Union. However, the difference with France and many of these EU states is that it is in the midst of presidential elections. And, if we are to take the candidates on their word, they are very well aware of the social economic problem facing France now, as well for the very near future.