France's presidential frontrunner gives markets the jitters

Analyst Philip Whyte, of the CER, says he understands why markets are jittery about an Hollande presidency. "But of course, once he's in office, he will very quickly be confronted by some of the constraints of office and some of those constraints might be imposed by the bond markets" ... Whyte credits Sarkozy for pushing through a few key reforms - like raising the retirement age - and for his initial leadership in the eurozone crisis. But Whyte faults the French president for letting German Chancellor Angela Merkel dictate eurozone policies today. And overall, he gives Sarkozy's performance a mediocre review. "The problem with Sarkozy is that he really doesn't have an economic vision ... He's a man of action. But he has no real coherence to much of what he does. If you look at his performance over five years as president, there's not been a terribly clear economic path he's forged."