France has a brand new leader after Socialist challenger Francois Hollande beat conservative incumbent Nicolas Sarkozy within the French presidential election.
Final results Monday show Hollande won 51.6 percent of the vote to Sarkozy's 48.4 percent in Sunday's runoff election. French media say the outgoing president will officially quit power on May 15.
The vote reflected citizens' disapproval of the country's spending cuts and high unemployment. The outgoing president said he's taking responsibility for the election loss.
Hollande opposes the various tough economic austerity measures in France. He's going to be the 1st left-wing French leader in almost twenty years.
Mr. Hollande is thought of as a delicate-mannered career politician. He has promised to transport quickly to implement a conventional socialist tax-and-spend program with higher taxes at the rich to assist finance increased state spending.
He is also expected to check out to renegotiate European Union-imposed austerity measures.
U.S. President Barack Obama telephoned his congratulations to Hollande Sunday and invited him to the White House before the G-8 and NATO summits later this month.
Some information for this report was provided by AP and AFP.
From WhatNewsToday.net
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