Socialist Hollande defeats Sarkozy to win French election: Is this what we can expect in the USA in November?
win French election
François Hollande won the French
presidential election on Sunday, capturing more than 51 percent of the vote to
defeat incumbent Nicholas Sarkozy and become France's new president, according
Sarkozy, who has held the French presidency
since 2007, grabbed 48.1 percent, according to the polls.
Hollande, the 57-year-old socialist
challenger, narrowly edged Sarkozy in a preliminary election two weeks ago, but
since he did not win with an absolute majority, France law required a runoff
between the top two candidates.
Sunday's victory means France will have its
first Socialist president since since Francois Mitterrand, the country's
president from 1981 to 1995. In voting Sarkozy out of office, French voters
expressed their discontent over Europe's debt crisis.
French television declared the election for
Hollande immediately after the polls closed Sunday. Moments later, Sarkozy told
his supporters that he called Holland to congratulate him, and to concede
"I take the responsibility for this loss,"
Sarkozy said. "I'm ready to become a French person among French people, and more
than ever I have the love for my country deeply ingrained in my heart."
Hollande's victory could have far-reaching
implications on Europe's debt woes. According to the Associated Press, Hollande has promised a
75-percent income tax on the rich and "wants to re-negotiate a European treaty
on trimming budgets to avoid more debt crises of the kind facing Greece."
"It's going to be a long day," Hollande
told reporters as he left a polling station earlier in the day. Sarkozy, with
his wife, Carla Bruni-Sarkozy, by his side, voted in Paris, but did not speak to
"There will be a handover of power,"
Sarkozy said Friday when asked if what would happen if he lost. "The nation is
stronger than the destiny of the men who serve it."
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