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See more Images of April Follow Reuters Facebook Twitter RSS YouTube Read Conservative rebel shakes up Greek politics 05 May 2012 "Super Moon" to light up night sky this weekend 05 May 2012 France's Sarkozy headed for election defeat | 05 May 2012 Gloom builds for euro zone, United States 04 May 2012 Voting starts in France, Sarkozy headed for defeat | 2:53am EDT Discussed 145 One in seven thinks end of world is coming: poll 81 As America’s waistline expands, costs soar 74 April hiring seen picking up Watched Hungry zoo lion faces off with unfazed toddler Thu, May 3 2012 9/11 mastermind appears before Guantanamo court Sat, May 5 2012 Windy weather makes for dramatic plane landings in Spain Thu, Apr 26 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Life in France A look at the people and places that define France's unique culture. Slideshow Strange and unusual A recent sampling of strange and offbeat moments. Slideshow Voting starts in France, Sarkozy headed for defeat Tweet Share this Email Print Factbox France's voters pick president, then parliament Sat, May 5 2012 Related News France's Sarkozy cuts Hollande poll lead to four points Sat, May 5 2012 Analysis & Opinion What happens if Hollande wins? â€œThere are human beings involvedâ€ in austerity debate Related Topics World » France » France Election » Related Video Hollande relaxed on last campaign day Sat, May 5 2012 France prepares for election run-off Markets anticipate Hollande victory 1 of 7. Voters hold their ballot before voting in a polling booth during the second round of the 2012 French presidential election in Lyon May 6, 2012. Credit: Reuters/Robert Pratta By Catherine Bremer PARIS | Sun May 6, 2012 2:53am EDT PARIS (Reuters) - Voting started in mainland France on Sunday in an election that could make Nicolas Sarkozy the 11th European leader to be swept from office by the economic crisis and crown Francois Hollande as France's first Socialist president in 17 years. Buoyed by a tide of anger over Sarkozy's inability to rein in rampant unemployment during his five-year term, Hollande was between four and eight points ahead in final opinion polls for a vote that could mean a shift in direction for Europe. Despite shaving a couple of points off Hollande's lead in the last days of a frenetic campaign, the conservative's own aides privately admitted it would require a miracle for him to turn the odds in his favor and clinch a second term. "He's like a runner - he won't consider it's over until the very end, but I'd say he has one chance in six," a member of Sarkozy's inner circle told Reuters on condition of anonymity shortly before campaigning drew to a halt on Friday. "Uncertainty about the outcome of the vote has fallen to an extremely low level," said BNP Paribas economist Dominique Barbet. Polling stations are open from 2 a.m. EDT (0600 GMT) to 12 p.m. EDT (1600 GMT) on Sunday, and two hours later in big cities. Reliable projections of the result based on a partial vote count will be published as soon as the last polling stations close. Media that publish exit polls or partial results before that risk fines and legal action. Hollande, a mild-mannered and popular career politician, has held a steady lead for weeks after outlining a comprehensive program in January based on raising taxes, especially on high earners, to finance spending and keep the public deficit capped. As much as his own program, he is benefiting from a tide of anti-Sarkozy sentiment due in part to the incumbent's showy and occasionally arrogant personal style and in part to anger over the same economic gloom that has felled leaders from Britain to Portugal. The vote coincides with a Greek election where voters are also expected to punish major parties for economic misery. "Clearly the voting public is getting fed up with failed policies," Nobel Prize-winning economist Paul Krugman told Reuters TV in New York. Sarkozy, sometimes called the hare in the race and his rival the tortoise, launched his campaign late and unveiled proposals one by one in high-energy speeches that swerved hard to the right as he sought to win back low-income voters that polls show have ditched him for either the radical left or extreme right. His aggressive rallies and pledges to rein in immigrant numbers, hold policy referendums, crack down on tax exiles and make the unemployed retrain as a condition of getting benefits did not reduce Hollande's lead. He surprised many by failing to land a knockout punch on his rival in a televised debate. In two further blows in the last days of the race, both far-right leader Marine Le Pen, who came third in an April first-round vote with 17.9 percent, and centrist Francois Bayrou, who came fifth with 9.1 percent, refused to endorse Sarkozy. While Sarkozy spent Saturday in the privacy of his home in Paris with former supermodel wife Carla Bruni, Hollande and his journalist partner Valerie Trierweiler were out shaking hands with supporters, signing autographs and sampling cheese and strawberries in rural France. ECONOMIC CREDENTIALS The election comes at a crucial time for the convalescent euro zone, as France, Europe's No. 2 economy, is a vital partner for Berlin in safeguarding the single currency bloc's future. If Hollande is elected, joining a small minority of left-wing governments in Europe, he wants to challenge Berlin's focus on austerity policies with a demand for pro-growth elements to be tacked on to the euro zone's budget responsibility pact. The Socialist plans to visit centre-right Chancellor Angela Merkel within days of the election to discuss his ideas. German relations aside, France is grappling with feeble growth and 10 percent unemployment, a gaping trade deficit and over-high state spending that is straining public finances and was a factor in Standard & Poor's cutting of its triple-A credit rating. While financial markets are coming around to Hollande's pro-growth ideas, given growing support for them elsewhere in Europe, Hollande would need to reassure them quickly about his economic plans as fears resurface over the euro zone's debt woes. While economists want him to trim over-optimistic official growth forecasts and compensate for that with spending cuts, political analysts fear that would be difficult with no mandate and with left-wing voters hoping instead that he will raise the minimum wage and reverse a recent sales-tax hike. French 10-year bond yields fell to 2.87 percent on Friday, a level not seen since early October, as initial jitters over a Hollande victory abated. Yet French debt would remain vulnerable to selling pressure if he wins, as markets and credit rating agencies wait to be convinced of his fiscal credentials. Little known outside France, Hollande would also have his diplomatic skills put to the test fast if he wins, with a Chicago NATO summit looming in late May and a Group of 20 summit in Mexico in late June. (Reporting By Catherine Bremer; editing by Andrew Roche and Geert De Clercq) 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) LynCe 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. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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