Monday, June 18, 2007

France’s Conservative Party Won Parliamentary Majority

President Nicolas Sarkozy's party (UMP) won a clear parliamentary majority on June 17 in elections seen as crucial to his vision for opening up France's economy, although the opposition thwarted a landslide victory by capitalizing on voter fears of giving Sarkozy too much power. However, the UMP will face little resistance to the rash of planned measures, within a few weeks, in order to make France's sluggish economy more competitive and less protective. …

Read more at ABC News...

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