It should get interesting... on both sides of the Atlantic.
The uncharismatic Mr Hollande, who has never held any ministerial office and is the first socialist to win the French presidency since Francois Mitterrand in 1988, has been an outspoken advocate of rewriting the plans to save the [Euro].
He wants a new ‘preamble’ written into the new European fiscal pact signed by 25 EU nations to water down calls for austerity measures.
He is demanding a change to strict rules which dictate how much member states can spend, without which most observers believe a new European economic crisis is inevitable.
After his victory he said that one of his priorities was to ‘preserve our social model’ – a reference to France’s generous welfare state.
The new president has pledged to spend an extra 20 billion euros in the years ahead to kickstart the economy and wants to slap a 75 per cent tax rate on those earning more than one million euros a year, or around £850,000.
Hmmm; nothing about preserving the 'cultural' model of France. Can only guess per Hollande; 'burqua's up'!