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Forbes:
Markets also appeared unimpressed by the appointment of Dominique de Villepin as France's new Prime Minister. De Villepin replaces Jean-Pierre Raffarin, who resigned earlier today after France's massive rejection of the proposed EU constitution. De Villepin, a close ally of Chirac for several years, was previously interior minister. Markets had been holding out hope that Raffarin would be replaced by the more reform friendly Nicolas Sarkozy, currently the president of Jacques Chirac's ruling UMP party.