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May 16, 2012

France Inaugurates Hollande as New President 
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France inaugurated new President François Hollande on Tuesday following
his election victory earlier this month. Hollande won the vote on a wave
of anti-austerity sentiment, making him the first Socialist party member
to lead France since 1995. In his inaugural address, Hollande vowed to
tackle France's economic woes.

President Hollande: "I am assessing even today the weight of the
obligations which our country faces: Massive debt, weak growth, high
unemployment, damaged competitivity, and a Europe which is struggling to
recover from economic crisis. But I declare right now that nothing is
fated. From now, a collective and unanimous will, a clear and fixed
direction."

 

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