Francois Hollande celebrates victory at French Presidential elections
Socialist Francois Hollande defeated incumbent president and UMP candidate Nicolas Sarkozy, with a projected 52 percent of the vote in the second and final round of the French Presidential elections
Francois Hollande faces a short honeymoon after his election as France's first left-wing president in 17 years, with financial markets eager for clear signals on his policies and how hard he plans to push back against German-led austerity. (Reporting by Reuters, Pictures by Getty Images) The moderate Socialist beat conservative Nicolas Sarkozy with 51.7 percent of Sunday's runoff vote after a bruising campaign dominated by the same anger over economic crisis that has felled 10 other European leaders since late 2009. While jubilant left-wing voters partied into the early hours of Monday in central Paris, Hollande admitted that for him, the festivities would have to be short-lived. The French woke up to Hollande, arms outstretched, beaming on the front pages of morning newspapers. Left-leaning daily Liberation ran the headline "Normal!" a reference to the new president's image as a man of the people. "There is a lot of joy and pride but also apprehension at taking on this responsibility at a difficult time for the country and for Europe," he said. After delivering a victory speech in his rural base of Tulle in central France, he flew to Paris and addressed tens of thousands of supporters in historic Bastille square.