Wednesday, April 12, 2006

Playing Taps for the CPE

The French parliament officially voted down the CPE labor laws that sent France into political and economic turmoil earlier this month. THe bill was dead on a political level on Monday when President Jacques Chirac dropped his endorsement of the bill. Surveys show that discontent over the bill will translate into a victory for the Socialist Party in the May 2007 elections. Ségolène Royal, the projected Socialist Party candidate, announced her official entrance into the Presidential race today.

Approval rating of the ruling party, the Unity for Popular Movement (UMP), has seen a sharp drop in the past few weeks. Chirac's approval ratings are now lower than President Bushes - the most recent Ipsos poll showing Chirac at 29%. The same poll shows Royal beating UMP candidate Nicolas Sarkozy 51% to 49%.