France will have a new leader after Socialist challenger Francois Hollande beat conservative incumbent Nicolas Sarkozy in the French presidential election Sunday.
With most ballots counted in the runoff election, official results give Mr. Hollande 52 percent of the vote to Mr. Sarkozy's 48 percent.
Mr. Sarkozy called his challenger to concede defeat shortly after projections showed him likely to lose.
French voters were apparently angry with high unemployment and no longer attracted by Mr. Sarkozy's brash political style. He said he takes responsibility for the loss.
Mr. Hollande will be the first left-wing French leader in almost 20 years.
He is regarded as a mild-mannered career politician. He has promised to move quickly to implement a traditional Socialist tax-and-spend program with higher taxes on the rich to help finance increased state spending.
He also is expected to try to renegotiate European Union-imposed austerity measures by meeting first with German Chancellor Angela Merkel.