New York Times reports Fran�ois Hollande defeated President Nicolas Sarkozy on Sunday, becoming the first Socialist elected president of France since Fran�ois Mitterrand. Mr. Hollande campaigned on a gentler and more inclusive France, but his victory will also be seen as a challenge to the German-dominated vision of economic austerity as a way out of the euro crisis.
Mr. Sarkozy became the latest European leader to lose his post amid economic upheaval and the first French incumbent to be rejected since 1981.
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