Segolene Royal: Socialist Party

Speaker Of The National Assembly Dept: Socialists now have an unprecedented lock on politics in France, and plan to use it to raise taxes on big banks and oil companies, levy a 75-per-cent tax on incomes higher than 1 million $1.26 million a year, and hire 60,000 teachers, according to CBC. In an embarrassment for the Socialists, former presidential candidate Segolene Royal lost her campaign for a parliamentary seat, quashing her hopes of becoming speaker of the National Assembly and fran ois Hollande is the man in charge after his Socialist Party swept France's parliamentary election. Voters welcomed the French president's vision of injecting government money into Europe's economies in hopes of helping the joint euro currency stave off disaster. Hollande's strong domestic mandate will let him push back in global economic talks against the budget cuts being demanded by Germany, which Greece and other indebted countries say are driving them deeper into the financial abyss by suffocating growth. Segolene Royal Petty politics (www.immigrantscanada.com). As reported in the news.