Francois Hollande, who won the presidential election in a landslide over the incumbent, is adamantly opposed to the austerity measures France had agreed to undertake in order to reduce their debt. Apparently the national retirement age of 62 is just too great a burden for workers to handle and will be reduced to 60. Planning on inflating a lot entitlement programs, of course. And to pay for it they'll be upping their max tax rate from 50% to 75%. So basically you can expect every millionaire to leave the country. Will be interesting to see how their debt increases in the next few years.