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Nicolas Sarkozy Concedes Presidency Of France

Defeated by socialist Francois Hollande

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French president Nicolas Sarkozy conceded today to Francois Hollande after exit polls showed just a slight margin of win on Hollande’s behalf–%50.8 to %49.2–shocking his supporters and campaign members.

Sarkozy, who has been in office since 2007, said he accepts full responsibility for the defeat due to the public backlash he received concerning France’s unemployment rate, which is at around 10%.

“I carry the entire responsibility for this defeat, and I’m going to say why. I fought for the values of responsibility, and I’m not a man who does not accept his responsibilities,” Sarkozy said during his announcement.

Sarkozy’s concession comes at an important time for Europe’s future, as several other leaders have been knocked from their posts during the recent economic crisis. Sarkozy recently addressed his country and gave the opinion that France had simply welcomed more people than they could manage.

Woah didn’t expect that “@TIME: French President Nicolas Sarkozy admits defeat, concedes victory to François Hollande| http://t.co/GrBrOkhc(image) 2 minutes ago via Twitter for BlackBerry® ·  Reply ·  Retweet ·  Favorite · powered by @socialditto

Francois Hollande has beaten Nicolas Sarkozy by about four points, first results suggest.(image) 4 minutes ago via UberSocial for BlackBerry ·  Reply ·  Retweet ·  Favorite · powered by @socialditto

Nicolas Sarkozy fought hard but failed to land a killer blow on François Hollande during last night’s TV debate. http://t.co/W2uUXLWM(image) 3 days ago via HootSuite ·  Reply ·  Retweet ·  Favorite · powered by @socialditto

Most aggressive, verbally violent, savage standoff in 30 years of French presidential TV debates. Analysis http://t.co/4Wl6Y3Wa #ledebat(image) 3 days ago via Tweet Button ·  Reply ·  Retweet ·  Favorite · powered by @socialditto

Nicolas Sarkozy Concedes Presidency Of France
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