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Investors wary of change in France

Fear Socialist win will delay reforms

By Liz Alderman

 |  New York Times  

  May 07, 2012

Of all the changes that have hit Europe during its long-running debt and economic crisis, a power shift in France, where Francois Hollande is preparing to take over as the first Socialist president in 17 years, may prove to be one of the most crucial. Street crowds in Paris were cheering Hollande’s victory, but with unease rising about the future of the euro union, investors around the world were more on edge.

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