Sarkozy’s out.

Close-run thing, but close only counts with horse shoes and hand grenades.

Socialist François Hollande was elected president of France on Sunday, defeating conservative incumbent Nicolas Sarkozy in a race that focused heavily on the country’s economic woes.

Sarkozy conceded defeat shortly after the polls closed, wishing Hollande “good luck” as the nation’s new leader.

He’s gonna need it.

Moe Lane

PS: Your guess is as good as mine as to what’s going to happen now.  Except that France – like most of the rest of Europe – is pretty much hosed, but then we knew that going in.

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