Sarkozy Could do a Berlusconi And Have a Triumphant Return to Politics

When Carla Bruni-Sarkozy was asked by CNBC about the corruption charges against her husband, former French President Nicolas Sarkozy, she replied: “I trust the truth. So I feel like the truth is going to come out.”

In the end, French investigators abandoned their inquiry into whether Sarkozy took advantage of elderly L’Oreal heiress Liliane Bettencourt in order to garner funds for his UMP party in the buildup to last year’s presidential election.

While questions may still remain about Sarkozy’s conduct, the end of the inquiry allows him more access to the public stage, from which he has remained firmly removed since his election loss to François Hollande.

Sarkozy is still incredibly popular within his party: 62 percent of conservative UMP voters want him to run for the presidency in 2017, according to a September Ifop poll.

However, he still faces questioning regarding the “Karachi Affair,” yet another corruption case, this one linked to arms sales and a bombing in Pakistan in 2002.

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