Paul Jay of The Real News talks to Gerard Duminil, economist and former research director at the Centre National de la Recherche Scientifique, about the political players in the first round of the French elections that has grabbed headlines this week and sent jitters through the markets, as incumbent president, Nicolas Sarkozy was narrowly beaten by socialist candidate Francois Holland. The two candidates will now face each other in a run off in May 2012.
Although this interview with Duminil took place before the first round elections, it provides wonderful insights into this week's results.
Duminil contends that the final outcome of this election will not be decided by supporters of the lead candidates, but by supporters of far right candidate, Marine Le Pen as well as supporters of radical left candidate, Jean-Luc Melenchon.
Editor's Note: You might also be interested in this post-election analysis from Al Jazeera, "Sarkozy: Fighting for Political Survival."