Hollande Beats Sarkozy, Pledges to Fight Austerity

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May 7 (Bloomberg) -- Bloomberg's David Tweed reports that Francois Hollande, who defeated French President Nicolas Sarkozy to become the first Socialist in 17 years to control Europe’s second-biggest economy, pledged to push for less austerity and more growth in the region. He speaks on Bloomberg Television's "In The Loop."