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Will Hollande's victory shape a new course for Europe?




PARIS, FRANCE - MAY 06:  French President-Elect Francois Hollande greets thousands of gathered supporters at Place de la Bastille after victory in French Presidential Elections on May 6, 2012 in Paris, France. Socialist Francois Hollande has defeated incumbent president and UMP candidate Nicolas Sarkozy, with a projected 52% of the vote in the second and final round of the French Presidential elections.  (Photo by Sean Gallup/Getty Images)
PARIS, FRANCE - MAY 06: French President-Elect Francois Hollande greets thousands of gathered supporters at Place de la Bastille after victory in French Presidential Elections on May 6, 2012 in Paris, France. Socialist Francois Hollande has defeated incumbent president and UMP candidate Nicolas Sarkozy, with a projected 52% of the vote in the second and final round of the French Presidential elections. (Photo by Sean Gallup/Getty Images)
Sean Gallup/Getty Images

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Over the weekend, Francois Hollande became the first Socialist candidate to win the French presidency since Francois Mitterand in 1988, making defeated incumbent Nicolas Sarkoky the first French president in three decades not to win re-election.

Hollande's success depended in large part on appealing to the minority vote, as Sarkozy took to courting voters on the right. Hollande engaged in a robust get-out-of-the-vote campaign, going door-to-door to over five million homes in France's more impoverished districts, and even made a campaign video featuring the Jay-Z song "N-s in Paris."

The election also served as a referendum on France's financial situation and Hollande's first move is expected to be a high profile meeting with German Chancellor Angela Merkel about the future of the Euro zone.

Steven Erlanger of the New York Times joins the show to discuss Hollande's victory and what it means for the viability of Europe's fiscal agreement and the future of the euro.

Guest:

Steven Erlanger is the New York Times Paris bureau chief.