Francois Hollande To Be Sworn In As France President

Francois Hollande is set to be sworn in as French president - and will immediately be plunged into tackling Europe's swirling debt crisis.

French President-elect Francois Hollande gives a speech during the French Socialist Party (PS) National Council on May 14, 2012, at the 'Maison de la Mutualite' conference center in Paris, on the eve of the transfer of power ceremony. Francois Hollande and Nicolas Sarkozy will meet at the Elysee Palace in Paris on May 15 for the traditional protocol-laden handover of power then Hollande will provide the name of his Prime minister before flying straight to Berlin to meet Angela Merkel for the first time and begin efforts to convince her to accept a renegotiation of the European budget discipline treaty to include measures on growth.

Francois Hollande is set to be sworn in as French president - and will immediately be plunged into tackling Europe's swirling debt crisis.

Mr Hollande will attend an inauguration ceremony at the Elysee Palace with outgoing President Nicolas Sarkozy in the coming years.

Within hours he will be in Germany to meet Chancellor Angela Merkel.

The trip underscores the importance of the German-French relationship in Europe at a tumultuous time.

It comes amid a political vacuum in Greece and predictions that it may be forced out of the euro, stoking fears that caused the euro to tumble in trading on Monday.

Mr Hollande has criticised the German-led focus on austerity as the way out of the crisis.

As the eurozone's two biggest economies - and biggest contributors to the bailout funds - Germany and France are key decision-makers over the strategy supposed to pull Europe out of crisis.
Embarrassment

Following the ceremony at the Elysee Palace, Mr Hollande will lay a wreath at the Arc de Triomph and travel in an open-top car down the Champs-Elysees.

Soon after his inauguration he will name his cabinet - with an experienced moderate, Michel Sapin, tipped as finance minister and German speaker Jean-Marc Ayrault tipped for prime minister.

Francois Hollande is set to be sworn in as French president - and will immediately be plunged into tackling Europe's swirling debt crisis.

Mr Hollande will attend an inauguration ceremony at the Elysee Palace with outgoing President Nicolas Sarkozy in the coming years.

Within hours he will be in Germany to meet Chancellor Angela Merkel.

The trip underscores the importance of the German-French relationship in Europe at a tumultuous time.

It comes amid a political vacuum in Greece and predictions that it may be forced out of the euro, stoking fears that caused the euro to tumble in trading on Monday.

Mr Hollande has criticised the German-led focus on austerity as the way out of the crisis.

As the eurozone's two biggest economies - and biggest contributors to the bailout funds - Germany and France are key decision-makers over the strategy supposed to pull Europe out of crisis.
Embarrassment

Following the ceremony at the Elysee Palace, Mr Hollande will lay a wreath at the Arc de Triomph and travel in an open-top car down the Champs-Elysees.

Soon after his inauguration he will name his cabinet - with an experienced moderate, Michel Sapin, tipped as finance minister and German speaker Jean-Marc Ayrault tipped for prime minister.