Francois Fillon, a lacklustre conservative, last week emerged as a victorious presidential candidate in Les Republicains’ first round of a primary, a first in the party’s history. Here’s why this outcome is a momentous one.
Partly due to support from undecided voters, women and African Americans, incumbent U.S. President Barack Obama seems to be ahead in the polls. However, much will rest on which candidate can win over the country’s middle class. Whatever the result, it will have repercussions on markets and deregulation.
The U.S. presidential race for 2012 is on, and the Republican Party will see a Gingrich vs Romeny face-off. One must, however, invoke the cliché that ‘a week is too long in politics’ as an insurance against faulty predictions.