FACTBOX: Policies of France's president-elect Sarkozy

(Reuters) - Conservative Nicolas Sarkozy was elected president of France in an election run-off on Sunday against Socialist Segolene Royal, according to television projections after polls closed.

Following are policies announced by Sarkozy in his manifesto and major speeches:

THE ECONOMY/EMPLOYMENT

- exempt overtime from tax and social security charges

- cut four percentage points from tax/social charges and thus return 68 billion euros to the French people

- create a single labor contract, with social rights increasing over time, flexibility he says will encourage employers to hire more staff

- ban "golden parachute" payouts to executives and prevent stock options being confined only to company bosses

- retain retirement at 60 and 35-hour work week, but as a minimum, not maximum, with people free to work more or longer

- cut public sector staff levels to boost civil service wages and reduce public debt

- Sarkozy's UMP party has pledged to bring public debt below 60 pct/GDP over five years, limit public spending increases to 1.5 pct over five years

LAW-AND-ORDER/IMMIGRATION

- set minimum sentences for repeat offenders, tougher sentences for juveniles

- ensure judges are accountable for their decisions

- reduce illegal immigration, pursue selective immigration that favors arrival of qualified workers

- create a ministry of immigration and national identity, ensure defense of French identity should not be seen as taboo subject

WELFARE/SOCIAL POLICY

- bring generous state pensions in transport, energy sectors in line with rest of public sector

- create "civil union" for homosexuals, granting same social, tax and inheritance rights as married couples while not allowing gay couples to marry or adopt

- pass bill making right to housing legally enforceable, provide shelter for all homeless people within two years.

FOREIGN POLICY

EUROPE - pressure European Central Bank into lowering the euro, pursuing growth and jobs as well as fighting inflation

- support EU negotiations with Turkey which result in strategic partnership, not full membership

- seek pause in new countries joining European Union

- hopes to resolve impasse over the European constitution by 2009. Calls for a simplified treaty that will:

- prolong term of rotating EU presidencies;

- create post of EU foreign minister;

- extend qualified voting to judicial, immigration issues;

- promote powers of European parliament;

- give citizens right to propose Commission policy.

IRAN - unacceptable for Iran to obtain atom bomb, seek more sanctions if Tehran refuses to meet U.N. demands

UNITED STATES - wants "deep, sincere, staunch" friendship with Washington but says United States should be ready to take criticism and do more to halt global warming.

INSTITUTIONAL REFORM

- president limited to two successive mandates

- president to have right to address parliament directly

- boost parliament's ability to amend government bills

- element of proportional representation in Senate

- limit government to 15 ministers

EDUCATION

- greater autonomy for educational institutions

- free access to all national museums

- greater autonomy for universities