The French Socialist Party and its allies on Sunday won an absolute majority victory of the country's legislative election, which reinforced President Francois Hollande's position to push through his economic proposals that aim to stimulate the French economy.

Exit polls showed that the French Socialist Party took 290 out of 577 seats in the French National Assembly, compared to 213 seats for the center-right party Union for a Popular Movement.

Combined with the seats won by its left allies, the Socialist Party is set to take more than 320 seats in the French parliament. The minimal number of seats needed for taking an absolute parliamentary majority is 289.

The overwhelming victory of the left-leaning parties in France will bolster Hollande's mandate to carry out his campaign promises amid the gloomy outlook of the eurozone.

French media reported that Hollande has proposed a 120 billion euro growth pact including tax raise on financial transaction and investment on infrastructure projects and job creation. Hollande will reportedly bring his growth package to the European Union summit on June 28 for discussion.

During his presidential campaign, Hollande has pledged to raise tax on the country's wealthy and will seek to modify the European fiscal treaty by adding a "growth pact" to it.

"Economy and employment are among the top issues that need to be addressed by the Socialists. I think they will keep their promises although uncertainties could remain," a French voter who voted for the Socialist Party told China Daily.

Analysts said that Hollande is likely to face opposition within his party if he accepts German Chancellor Angela Merkel's demand for greater fiscal integration of the European Union.

Simultaneously, Greece also held a key election on Sunday where the pro-euro conservative party New Democracy is set to lead the vote. But analysts said struggle for the country to form a coalition government remains.

"Europeans must be up to the task of resolving the debt issue, managing the debt, stopping the banking system exploding... and moreover we need growth initiatives," French Prime Minister Jean-Marc Ayrault was quoted by AFP as saying.

Contact the writer at lixiang@chinadaily.com.cn