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    France gets new leader, Europe new direction

    Sun, 05/06/2012 - 19:16 EDT - Yahoo! Business News
    • YahooBizNews

    Outgoing French President Nicolas Sarkozy waves from his car as he leaves after addressing supporters at his Union for a Popular Movement (UMP) party headquarters after the the preliminary results of the second round of the presidential elections were announced in Paris Sunday May 6, 2012. Socialist Francois Hollande defeated Sarkozy on Sunday to become France's next president, Sarkozy conceded defeat minutes after the polls closed. (AP Photo/Thibault Camus)France handed the presidency Sunday to leftist Francois Hollande, a champion of government stimulus programs who says the state should protect the downtrodden — a victory that could deal a death blow to the drive for austerity that has been the hallmark of Europe in recent years.

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