, michael fauntroy of george mason university and from "nightly business report," laure mandeville -- darren gersh. what do you think of the consequences of the french election and austerity? >> it is interesting, because we're going to find out if francois hollande is a dangerous man. i think what we're actually going to find out is that he is pragmatic. he is pragmatic in the way he has to deal with the euro. there are obviously problems in france with employment. he is not going to want to sweep the bond market. he is going to proceed in a very pragmatic way. >> he will have to break with what he promised before the election. >> i think some of the promises he made were just for show anyway. like rolling back the retirement age to 60. that is going to affect very few people. or the 75% tax rate. that is also going to affect very few people. >> anyway, what do you think of the election and what will be the consequence on austerity, and the imf programs in europe? >> there is a huge cloud of uncertainty now in france. i think that linda is right when she says that france what holland