Francois Hollande has defeated Nicolas Sarkozy by a comfortable margin in the race for the...

|By:, SA News Editor

Francois Hollande has defeated Nicolas Sarkozy by a comfortable margin in the race for the French Presidency, reports Bloomberg, citing exit polls. It will put the Socialist party in power for the first time in 2 decades. Sarkozy's defeat makes him the 11th EU leader tossed from power since the sovereign debt crisis began.