World markets tumble on elections

Mon, 05/07/2012 - 05:46 EDT - CNN - Money

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World markets tumbled into the red Monday after socialist Francois Hollande defeated president Nicolas Sarkozy, leaving investors worried about the future of austerity throughout Europe.

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Austerity now dirty word in Europe, but what next?
Austerity is a dirty word in Europe but what next?
France gets new leader, Europe new direction
Socialist Francois Hollande wins French presidency
France president-elect Hollande has full plate
Hollande defeats Sarkozy in French presidency vote
Sarkozy joins fallen leaders amid Europe crisis
Hollande defeats Sarkozy 51.62 pct to 48.38 pct
Are markets afraid France will elect a Socialist?
Sarkozy, Under Investigation in France for Fraud, Plans to "Dodge New 75% French Tax Rate by Moving to London and Setting Up £1bn Private Equity Fund"
To the victor, belongs the spoils. Had former French president Nicolas Sarkozy won reelection, he certainly would not be under investigation for illegally funding his campaign, nor there would be an investigation regarding his involvement in fraudulent arms sales to Pakistan.

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World markets tumble on elections

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