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article imageSocialist Hollande beats Sarkozy in French Election

By Milo Noblet     May 6, 2012 in Politics
Francois Hollande, a French socialist, has won the French presidency with a clear victory in the recent election, gaining an estimated 52% of votes.
President-Elect Hollande, who won an estimated 52% of votes in Sunday's run-off, said the French people had made their decision for "change". Centre-right Nicolas Sarkozy admitted defeat, wishing Mr Hollande good luck.
Analysts say that the result has wide-ranging implications for the eurozone; Hollande has vowed to rework a deal on government debt in member countries. Around 80% of those eligible to vote did so.
Francois Hollande, the first socialist to gain the presidency since Francois Mitterrand did so in the 1980s, gave a victory speech in Tulle, central France. He stated that he was "proud to have been capable of giving people hope again". He said he would push on with his pledge to refocus EU efforts from austerity to growth, saying "Europe is watching us, austerity can no longer be the only option".
UK Prime Minister David Cameron telephoned Mr Hollande to congratulate him, with a Number 10 spokesperson saying “The Prime Minister called President-Elect Hollande this evening and congratulated him on his victory.
“They both look forward to working very closely together in the future and building on the very close relationship that already exists between the UK and France.”
Mr Hollande is currently travelling to Paris, where he is expected to join his supporters on Place de la Bastille.
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