Mon, 07 May 2012 08:12:15 GMT

Hollande beats Sarkozy in French presidential polls

Paris: Socialist Party challenger François Hollande Sunday wrested power from incumbent Nicolas Sarkozy to become the first Socialist president of France since 1995.

Hollande beats Sarkozy in French presidential polls

Hollande beat Sarkozy in a tight run-off election to win the presidency with 51.9 percent of the vote to Sarkozy's 48.1 percent, the website of France 24 TV channel reported citing the Ipsos polling institute.

In the first round of the presidential polls April 22, Sarkozy had gained 27.18 percent of the vote against Hollande's 28.63 percent.

Hollande was leading in the opinion polls, with 52.5-53.5 percent saying they would vote for him.

According to BBC, analysts say the vote has wide implications for the whole Eurozone as Hollande has vowed to rework a deal on government debt in member countries.

Exuberant supporters of Hollande converged on Place de la Bastille in Paris -- a traditional rallying point of the Left -- to celebrate.

Hollande capitalised on France's economic woes and Sarkozy's unpopularity.

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