Where is the next battlefield in the Eurozone? Not Greece. Not Spain. CNN's Erin Burnett tackles why the French elections will have more impact to the American Economy.
Bill Gross, Funding & Managing Director of PIMCO and member of the OutFront Economic Strike Team comes OutFront.
France's Hollande tightens grip on power with election win
New French President Francois Hollande tightened his grip on power Monday as the Interior Ministry confirmed that his Socialist party and its allies won an absolute majority in parliamentary elections Sunday.
Hollande allies claimed 314 seats in the 577-member National Assembly - the lower house of the French parliament - according to early confirmed results by the French Interior Ministry.
The results signal a clear French shift to the left, bolstering Hollande's position to push through an anti-austerity agenda after years of government budget cuts.