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Many Americans have been cross at France of late, and we hope Nicolas Sarkozy puts an end to it. As the new French president, he has promised to be a friend of the U.S.--an implicit repudiation of Jacques Chirac's haughty anti-Americanism. Sarkozy is good news for France, too, having backed an agenda of long-overdue economic reforms. They include deregulating the labor market, slimming down the public-sector payroll, abandoning the 35-hour work week, reducing public spending from its current 52 percent of GDP, and reforming the welfare state. Doing this will be a challenge, to say the least. Sarkozy's problem is ...