A Socialist Now Runs France -- A Closer Look At The President-Elect François Hollande, page 1

He is going to get into some deep problems IMO, even if he's policies work out great for the french people, he will have problems on the international side.

First off, Germany is not going to be very happy at all. They have already 'flexed their muscles' so to speak to Greece, who just voted for an anti-austerity party, and Germany turned around and quite simply said "No, you're not doing that, you are still going to pay". Not on either side of that, as Germany did bailout Greece, so it's understandable, but i expect her to say the same to France, just not so open because France is the second most powerful EU state, but like it or not, France will have to pay back it's debts, if not, the whole EU will crash extreamly quick. A little example here;

People investing in the Euro believe that France and Germany will sort out the mess, to sort out the mess, Germany has had to lend to other countries at a lower price, and bail some of them out, in order to keep the EU rolling and collecting investments. Now, if all the money that Germany was promised back no longer comes, then Germany is left with a huge hole. Investers won't put money in, because they believe that countries will default, and if that happens, Germany is left with the bill, and if Germany pays off everyones debt, then Germany itself is financialy screwed, resulting in strong austerity measures, in the strongest country in the EU, and that will slow down it's growth, causing a spiral of debt right in the centre of the EU, and well you can see what will happen from there. This is why everyone is worrying about this chap, they believe that he will turn away from the countries debt, and create more, adding to the strain on Germany's back.

The main worry i have is how the Franco-German relations will pan out, because to me it seems that the EU is going to be split into two. The socialists (Greece, France, and others i believe will follow) and the capitalists (Germany, Italy, etc etc). The capitalists will want their money back, and the socialists will say no. The socialist side will be sided with France, the second most powerful economy in the Euro, and the capitalists with Germany. Here we can start to see a sort of "Us and them" scenario playing out in a continent stuck together politicaly through the European parliament. How this will pan out? Im not too sure, but looking at history, when Germany are about to loose control of Europe, they can turn quite nasty. This could be why he is after a franco-german/european army, to prevent this turning miltary, im not too sure, but with a country so high up in the pecking order of the EU siding with the socialists, I think the EU will split, financialy, politicaly, and culteraly (sp). It's impossible to know what will actualy happen after, but that is the reason people worry, knowing the change is coming to their way of life, but just not knowing what will be changed, and how.