Nicolas Sarkozy has conceded defeat in French presidential elections, opening the way for Francois Hollande to be the new leader. Early exit polls showed the socialist candidate to have gained at least 4% more of the vote than the conservative incumbent, Mr Sarkozy."It was an immense privilege to be the President of France," Mr Sarkozy said in a farewell speech."I bear full responsibility for defeat," he said in the speech given 20 minutes after polls closed at 8pm.
The French presidential election appears to be headed to a runoff. Exit polls cited by French television in Sunday's first round of voting show President Nicolas Sarkozy losing by a thin margin to Socialist challenger Francois Holla... Read Post
PARIS - France voted in a presidential run-off election on Sunday that could see Socialist challenger Francois Hollande defeat incumbent Nicolas Sarkozy by capitalizing on public anger over the government's austerity policies. Read Post