François Hollande Wins French Presidential Election

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Socialist Francois Hollande eked out a victory over Nicolas Sarkozy in yesterday's French presidential election. Sarkozy's belt-tightening austerity measures were his undoing, with Hollande promising higher taxes on the rich and a growing minimum wage for the working class. But the jury is still out on whether Hollande and his Socialist party will be able to combat the Euro-zone crisis that is keeping France in the red.

Dominique Barbet, a senior economist at BNP Paribas, and Stephen Erlanger, correspondent for our partner The New York Times, discuss the fallout of yesterday's election and what we can expect for the future of France.