Voters Say 'Au Revoir' to Sarkozy: Socialist Hollande To Become Next French President
France has elected François Hollande as its next president. Incumbent Nicolas Sarkozy has become the first president in 31 years not to get elected to a second term. Hollande's election is also expected to have a major impact on European Union policies.
François Hollande on Sunday night won France's run-off election to become the country's next president. According to an exit poll by Ipsos, Socialist Party head Hollande garnered 51.9 percent the vote, well ahead of Sarkozy, who came in at 48.1 percent.
Implications for EU's Future
Hollande's election could have a major impact on the future course of the European Union. Hollande has said he would seek to renegotiate the painstakingly agreed fiscal pact in order to include a component to ensure growth -- a demand that has ruffled feathers in Berlin.
Following a bitter election campaign, Hollande emerged in the decisive round of the presidential election as the clear favorite.
Hollande's political platforms were radical compared to Sarkozy's, but they also helped him to score points with voters. One proposal is to tax any earnings over 1 million at a rate of 75 percent. He has also said he would hire an additional 60,000 teachers and that he will reduce electricity prices for those with low incomes. Hollande also said he would withdraw all French soldiers from Afghanistan by the end of the year if elected.
dsl -- with wires
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