Bloomberg News

Hollande Defeats Sarkozy in French Presidential Vote

May 06, 2012

Francois Hollande defeated French President Nicolas Sarkozy to become the first Socialist in 17 years to control Europe’s second-biggest economy.

Hollande inherits an economy that is barely growing, with jobless claims at their highest in 12 years and a rising debt load that makes France vulnerable to the financial crisis that has rocked the euro region the past two years. Susan Li reports on Bloomberg Television's "First Up." (Source: Bloomberg)

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