Safe Mode: On
Socialist Francois Hollande wins French presidency


Socialist Francois Hollande has been elected as France's new president.

He got about 52% of votes in Sunday's run-off, according to early projections, against 48% for centre-right incumbent Nicolas Sarkozy.

Mr Sarkozy has admitted defeat, saying: "Francois Hollande is the president of France and he must be respected."

Analysts say the vote has wide implications for the whole eurozone. Mr Hollande has vowed to rework a deal on government debt in member countries.

Exuberant Hollande supporters have already converged on Place de la Bastille in Paris - a traditional rallying point of the Left - to celebrate.

Mr Hollande capitalised on France's economic woes and President Sarkozy's unpopularity.

The socialist candidate has promised to raise taxes on big corporations and people earning more than 1m euros a year.

He also wants to raise the minimum wage, hire 60

Added: May-6-2012 Occurred On: May-6-2012
Regional News
Tags: France, president, francois, hollande, socialist, Europe, doomed, Sarkozy
Location: France (load item map)
Views: 4071 | Comments: 105 | Votes: 2 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
You need to be registered in order to add comments! Register HERE