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Socialist Hollande Ousts Sarkozy in French Elections

Now they’ll know how we feel.

Socialist Francois Hollande defeated Nicolas Sarkozy today in their runoff election in France. The BBC reported:

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.

Wealthy French people are looking to London as a refuge from fresh taxes on high earners pledged by candidates in the country’s presidential elections.

Written By

Jim Hoft is the proprietor of Gateway Pundit Blog from the heart of America-- St. Louis, Missouri.  He is also a guest-blogger for HUMAN EVENTS.com.

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