Nicolas Sarkozy Back as Leader of Political Party

Former President Nicolas Sarkozy was elected as the leader of his center-right party on Saturday evening in a widely expected victory that could serve as a steppingstone for his 2017 bid to become president of France again.

Mr. Sarkozy lost to François Hollande, the current Socialist president, in the 2012 general election.

While Mr. Sarkozy has retained the favor of the rank and file of his party, the Union for a Popular Movement, his comeback this fall has not swayed the wider French electorate, despite Mr. Hollande’s unpopularity and the inability of the governing Socialists to fix the economy.

The preliminary results were announced late Saturday at the headquarters of the party, known as the U.M.P. for the initials of its name in French. With 64.5 percent of the vote, Mr. Sarkozy pulled far ahead of the two other candidates, Bruno Le Maire and Hervé Mariton, U.M.P. representatives in the National Assembly, France’s lower house of Parliament. Mr. Le Maire won about 29.2 percent of the vote, and Mr. Mariton about 6.3 percent.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza