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Credit: Reuters/Philippe Wojazer (FRANCE - Tags: POLITICS ELECTIONS) By Catherine Bremer PARIS | Fri May 4, 2012 3:26am EDT PARIS (Reuters) - President Nicolas Sarkozy's chances of holding on to power were fading two days before France's election runoff, with far-right and centrist leaders refusing to endorse him and his usually bland Socialist rival performing confidently in a TV debate. The last opinion polls published on Friday before Sunday's vote suggested that Socialist challenger Francois Hollande's lead has narrowed to as little as five percentage points from as much as 10 in the last few days as the race has tightened. However, centrist Francois Bayrou buried one of Sarkozy's last hopes of catching up when he announced he would vote for Hollande on Sunday and left his supporters free to make up their own minds. Bayrou, who came fifth in the first round with 9 percent, attacked Sarkozy's tough talk on immigration and Europe, aimed at winning over the nearly one in five voters who picked far-right leader Marine Le Pen in round one. The anti-immigration National Front leader also snubbed Sarkozy this week saying she would cast a blank vote on Sunday. A bitter Sarkozy retorted on Friday that Bayrou "indicated that having thought about it carefully, he would vote for Francois Hollande and went on to say 'who would lead the country to bankruptcy in February'." Opinion polls conducted since Wednesday evening's television debate found Sarkozy making up ground against Hollande. However, the challenger's reduced advance would be tough to overcome so close to the vote. Two polls by Ipsos and BVA found Hollande's lead had narrowed by one percentage point, with 52.5 percent of voting intentions to Sarkozy's 47.5 percent. Surveys by CSA and Harris Interactive showed Hollande's lead shrinking from eight points to six after the debate, with 53 percent support to Sarkozy's 47 percent. TNS-Sofres showed Hollande's score edging down 1.5 points to 53.5 percent from last week, with Sarkozy rising to 46.5 percent from 45 percent previously. OVERCONFIDENCE Despite his lead, Hollande said he could not totally rule out the possibility of defeat because the participation rate, transfer votes from eliminated candidates and blank votes would be key. Moreover, he said that he never underestimated Sarkozy. "Where he made a mistake is that he underestimated me," Hollande said in an interview on RTL radio. "In politics, he who underestimates is too confident in himself and commits an error of judgment." Having lagged the blander but more popular Hollande for weeks now in polls, Sarkozy's best hopes of clinching a second term hinged on winning the support of around 80 percent of Le Pen's voters for Sunday and at least half of Bayrou's. Bayrou objected to Sarkozy's lurch to the right. "The line Nicolas Sarkozy chose between the two rounds is violent. It contradicts our values," the centrist said, explaining his decision to reject the incumbent who is closer to him politically than Hollande. Sarkozy recalled that Bayrou had not voted for him in 2007 and put his decision down to personal "bitterness". Hollande welcomed Bayrou's backing but ruled out forming an alliance with him or giving his party posts in the government should he win the election. "He (Bayrou) could have stuck to not voting for Nicolas Sarkozy," Hollande said. "But he went even further and I think he can convince men and women who are not on the left." Compounding a black week for the president, Sarkozy came across as agitated and tense in the nearly three-hour debate and failed to land a knockout blow on his challenger, who appeared more poised and confident. Several surveys of people who watched the debate found that most felt Hollande was more convincing than Sarkozy. Even Alain Minc, a political consultant who is one of Sarkozy's closest friends and advisers, acknowledged that Hollande had outperformed his champion in the debate, watched by more than a third of the electorate. "I think we all underestimated this guy. He's shown quite an uncommon strength of spirit this year," Minc told Reuters. "The Francois Hollande we are seeing today is different from the one we all knew. We took him for something other than he is. Either we were wrong or he has changed." In polls only 3 percent said the debate had changed their voting plans. BRASH AND SHOWY Sarkozy has fought an uphill battle for re-election as economic gloom, his failure to keep a 2007 promise to cut unemployment to 5 percent, and a dislike of his brash and showy manner have turned many former supporters against him. The rivals held their last big rallies on Thursday. In the southern city of Toulon, Sarkozy implored voters not to elect what would be the first left-wing president in 17 years while, further west in Toulouse, Hollande supporters cheered Bayrou's decision to vote for their candidate. Friday is the last day of official campaigning before a blackout from midnight. Voting booths open at 8 a.m. (0600 GMT) on Sunday and close either at 6 p.m. (1600 GMT) or two hours later in big cities. Reliable projections of the result based on a partial vote count will be published once the last polling stations close. The runoff coincides with parliamentary elections in Greece, where voters are set to punish mainstream parties for imposing austerity, and a week before a major German regional election when Chancellor Angela Merkel may suffer a mid-term rebuff to her strict austerity policies. For French voters, the economic crisis, Europe's debt woes and pressure on household incomes have been the overriding issues, driving the wave of support for Le Pen's National Front. "It's the people who are really struggling financially who vote for Le Pen," said Dominique Reynie, a professor at Sciences Po University and head of the liberal think tank Fondapol. "For the runoff, people voting for Sarkozy are thinking about somebody who can lead in Europe and handle the crisis. Those who vote for Hollande are thinking about their own purchasing power and social well-being." (Additional reporting by Vicky Buffery and Leigh Thomas; editing by David Stamp and Paul Taylor) World France France Election Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (1) OmarMinyawi wrote: Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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