The first round of legislative elections in France last Sunday showed the National Assembly swinging to the left. Polls indicate that President Francois Holland’s Socialist Party will do well again in the second round of elections this Sunday, either winning a clear majority, or leading a coalition government. The outcome will help determine Hollande’s ability to implement his program in France and will also determine the extent to which the French Socialist opposition to budgetary austerity will reverberate across the eurozone. Smaller eurozone countries will likely look to France to lead the way if its leader, Hollande, is seen to have strong support at home.