Socialist Hollande oust Nicolas Sarkozy as France gets rid of the ex-president in France elections as France will battle with austerity measures led by Germany with a left oriented party.

Paris / NationalTurk – Socialist Party president Francois Hollande arrived on stage in Paris for his victory speech after the results of the second round of the French presidential elections on Sunday.

Supporters of Socialist Party presidential candidate Francois Hollande gathered Sunday outside the party’ s headquarters in Paris ahead of the declaration of the estimated results of the second round of France Presidential election. Jubilant Hollande supporters celebrated then outside Socialist Party headquarters and thronged Paris’ Bastille square, where revelers danced the night away in 1981 when Francois Mitterrand became the only previous directly elected Socialist president in France. Many waved red flags and some carried roses, the Socialist party emblem.

France elections : Sarkozy era closed, Hollande era begins in France with battle against austerity measures

Socialist Francois Hollande swept to victory in France’s presidential election on Sunday in a swing to the left at the heart of Europe and promised to start a pushback against German-led austerity policies. Angela Merkel, who had openly favored fellow conservative Sarkozy, telephoned to congratulate Hollande and invited him to visit Berlin as soon as possible after his inauguration next week. The vote put an end to the ‘Merkozy’ or  ‘Sarkozyan’ duo which had led Europe through crisis and ushers in a new, untested partnership.

However the rejoicing may be short-lived after a political bombshell in Greece, where mainstream Greek parties were hammered in a parliamentary election that seemed set to leave supporters of an IMF/EU bailout without a majority, raising doubts about the country’s future in the euro zone.

While financial markets are warming to Francois Hollande’s growth agenda, analysts point out Hollande has to to reassure investors quickly as fears resurface over the euro zone’s debt problematics.

In his victory speech, Hollande listed reducing the deficit to control public debt among his priorities along with ‘reorienting Europe towards employment and growth for the future’.

Hollande led conservative incumbent Nicolas Sarkozy by 51.3% to 48.7% with 83% of votes counted, the Interior Ministry revealed, bringing the centre-left back to French government in Paris after a decade in opposition.

‘Europe is watching us,’ the president-elect has spoken in a victory speech in his constituency of Tulle in central France. ‘I’m certain that in many European countries there is relief and hope at the idea that austerity does not have to be our only fate.’

Hollande, 57, joins a minority of left-wingers in government in Europe and has vowed to renegotiate a budget discipline treaty signed by 25 EU leaders in March, to add growth measures. Berlin made the pact a condition of aid for struggling states.

What’s the matter Sarkozyan ? It seems the votes from French-Armenians haven’t been enough. French elections 2012

It seems  Nicolas Sarkozyan ‘s abuse of Armenian conscience as a cat’s paw for the upcoming France elections by approving the Armenian Genocide Bill in the French senate didn’t help him either.

Sarkozyan who was seeking re-election in 2012, had tried to use the law to please to France’s nearly 400,000 voters of Armenian origin.

Nicolas Sarkozy was also punished for his failure to rein in 10% unemployment and for his brash personal style, and in the end Sarkozy was the 11th Euro zone leader in succession to be swept from power since the currency bloc’s debt crisis started in 2009.

The outgoing president conceded defeat within 20 minutes of polls closing, telling supporters he had telephoned Hollande to wish him good luck in such trying times.

‘I bear the full responsibility for this defeat,’ Sarkozy stated, showing his intent that he would withdraw from frontline French politics.

‘ My place can no longer be the same. My involvement in the life of my country will be different from now on.’

The only thing that saddens Europe is that it won’t see Carla Bruni as often as it used to.

Francois Hollande who has won French presidential election will be officially declared as seventh President of the fifth Republic on May 10. He is expected to take over the office from Nicolas Sarkozy on May 15 in Elysee Palace.

[adrotate banner=”48″]