ONTD Political

Socialist François Hollande Wins French Presidency

3:14 pm - 05/06/2012

Socialist François 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: "François 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.

Nicolas Sarkozy says François Hollande must be respected as the new president
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 wants to raise the minimum wage, hire 60,000 more teachers and lower the retirement age from 62 to 60 for some workers.

Mr Hollande has also called for a renegotiation of a hard-won European treaty on budget discipline championed by German Chancellor Angela Merkel and Mr Sarkozy.

In his concession speech, Mr Sarkozy told stunned supporters that he was "taking responsibility for defeat".

Hinting about future, he said: "My place will no longer be the same. My involvement in the life of my country will now be different."

During the campaign, he said he would leave politics if he lost the election.

Mr Sarkozy, who has been in office since 2007, had promised to reduce France's large budget deficit through spending cuts.

It is only the second time an incumbent president has failed to win re-election since the start of France's Fifth Republic in 1958.

The last was Valéry Giscard d'Estaing, who lost to socialist François Mitterrand in 1981. Mr Mitterrand had two terms in office until 1995.

The new president is expected to be inaugurated later this month.

A parliamentary election is due in June.

benihime99 6th-May-2012 08:16 pm (UTC)
against 48% for centre-right incumbent Nicolas Sarkozy.
Center-right? This is a joke right?
the_gabih 6th-May-2012 08:58 pm (UTC)
I'm assuming it's in comparison with the FN.
benihime99 6th-May-2012 09:15 pm (UTC)
FN is "extrême droite" (far-right ) he's "droite" (right)
(no subject) - Anonymous - Expand
13chapters 6th-May-2012 08:34 pm (UTC)
when does the rounding up of the Romani begin, I wonder?

Racist fucker.
benihime99 6th-May-2012 08:39 pm (UTC)
You do realize that Sarkozy lost right?
13chapters 6th-May-2012 08:41 pm (UTC)
You do realize that Hollande called for interning the Roma in camps until a solution can be found, right?
sobota 6th-May-2012 08:48 pm (UTC)
Not sure how I feel about him yet, but he's gotta be better than Sarkozy. One can dream.
the_gabih 6th-May-2012 08:59 pm (UTC)
Well, he's definitely better than le Pen.
cookie1223 6th-May-2012 08:56 pm (UTC)
"centre-right incumbent Nicolas Sarkozy" the right words were far-right.
Anyway despite the fact that I have voted for him (yuck) I know and everyone should that this man is in the left in name only.

Edited at 2012-05-06 09:02 pm (UTC)
romp 6th-May-2012 09:47 pm (UTC)
lydzi 6th-May-2012 09:50 pm (UTC)
Not going to lie, I'm ecstatic about this :).
cyranothe2nd 7th-May-2012 04:14 am (UTC)
Wow, this is great news!
magli 7th-May-2012 04:27 pm (UTC)
I honestly thought Sarkozy would win, I'm so happy I was wrong!
bludstone 7th-May-2012 09:40 pm (UTC)
Socialist president you say?

Lets watch. =)

(actually i dont know shit about this guys policies)
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