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See more Images of April Follow Reuters Facebook Twitter RSS YouTube Read Greek conservatives begin hunt for partners after vote 3:41am EDT Russian police battle anti-Putin protesters 06 May 2012 George Lindsey, Goober in "The Andy Griffith Show," dead at 83 06 May 2012 Parents of two drowned Duck Boat riders fight liability cap 06 May 2012 Short party for Hollande after French election win | 3:16am EDT Discussed 150 One in seven thinks end of world is coming: poll 84 As America’s waistline expands, costs soar 74 April hiring seen picking up Watched "The Avengers" breaks a record, Lohan off the hook Sun, May 6 2012 Hungry zoo lion faces off with unfazed toddler Thu, May 3 2012 Beastie Boy Adam Yauch dead at 47 Fri, May 4 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Life in France A look at the people and places that define France's unique culture. Slideshow Strange and unusual A recent sampling of strange and offbeat moments. Slideshow Short party for Hollande after French election win Tweet Share this Email Print Factbox Highlights of French Hollande's programme Sun, May 6 2012 Related News Poll shows left winning French parliament vote in June Sun, May 6 2012 Sarkozy indicates stepping back from politics Sun, May 6 2012 For "Mr. Normal" Hollande, it's bye-bye to bling Sun, May 6 2012 Obama congratulates Hollande on France election win Sun, May 6 2012 Merkel invites Hollande for early talks Sun, May 6 2012 Analysis & Opinion What happens if Hollande wins? â€œThere are human beings involvedâ€ in austerity debate Related Topics World » France » France Election » Related Video Francois Hollande: 'Monsieur Normal' 2:05am EDT Socialist Francois Hollande wins French presidential election 1 of 11. France's newly-elected President Francois Hollande (R) and his companion Valerie Trierweiler celebrate on stage during a victory rally at Place de la Bastille in Paris early May 7, 2012. France voted in elections on Sunday and Francois Hollande becomes the nation's first Socialist president in 17 years. Credit: Reuters/Charles Platiau (FRANCE - Tags: POLITICS ELECTIONS) By Catherine Bremer PARIS | Mon May 7, 2012 3:16am EDT PARIS (Reuters) - Francois Hollande faces a short honeymoon after his election as France's first left-wing president in 17 years, with financial markets eager for clear signals on his policies and how hard he plans to push back against German-led austerity. The moderate Socialist beat conservative Nicolas Sarkozy with 51.7 percent of Sunday's runoff vote after a bruising campaign dominated by the same anger over economic crisis that has felled 10 other European leaders since late 2009. While jubilant left-wing voters partied into the early hours of Monday in central Paris, Hollande admitted that for him, the festivities would have to be short-lived. "There is a lot of joy and pride but also apprehension at taking on this responsibility at a difficult time for the country and for Europe," he said. After delivering a victory speech in his rural base of Tulle in central France, he flew to Paris and addressed tens of thousands of supporters in historic Bastille square. The French woke up to Hollande, arms outstretched, beaming on the front pages of morning newspapers. Left-leaning daily Liberation ran the headline "Normal!" a reference to the new president's image as a man of the people. The new president is expected to be sworn in on May 15. Hollande will travel to Berlin shortly thereafter to challenge Germany's focus on austerity policies and press new ideas for stimulating growth as fears about the euro zone's debt crisis resurface following an inconclusive election in Greece. "In every capital, beyond the heads of state and government, there are people who have found hope thanks to us, who are looking to us and want to put an end to austerity," he declared. With anti-austerity parties winning almost half the votes in Greece, the euro tumbled to a three-month low while oil and Asian shares slumped in early trading in Asia as the two elections fuelled fears about a new chapter in Europe's crisis. The left reclaimed Bastille square where revelers danced the night away in 1981 when Francois Mitterrand became the Socialist Party's first directly elected president. Three decades later, a new generation of left-wing voters waved red flags and some carried roses, the party emblem. Hollande is expected to include some trusted old hands in his government like Mitterrand's former prime minister Laurent Fabius but add many young politicians and women. His economic team, led by centre-left former finance minister Michel Sapin, includes politicians, industry leaders and public officials seen as market-friendly. "The words grace period do not apply to the situation. That's the reality," Sapin said on Canal+, adding that the priority would be to launch discussions with France's European partners. Hollande must also quickly outline his domestic plans, likely to centre around a major tax reform, and revise over-optimistic growth targets which threaten France's deficit-cutting goals. His plans to tweak a reform that raised the retirement age to 62 and increase the minimum wage are also rattling investors who fear France could drift away from the club of sound northern European borrowers and towards the debt-laden periphery. "Hollande's victory has already been priced in by markets, however his promises made during the campaign have not been priced in, so there is risk on the downside if he stands his ground when he announces a first set of measures," said fund manager Christian Jimenez at Diamant Bleu Gestion in Paris. "There's a clear need to boost economic growth across Europe, but the debate is on how to achieve that without spooking investors." LEFT WELL PLACED FOR PARLIAMENT Sarkozy, punished for his failure to rein in 10-percent unemployment and for his brash personal style, conceded defeat within 20 minutes of polls closing on Sunday, telling supporters he had wished Hollande good luck in such trying times. "I bear the full responsibility for this defeat," Sarkozy said, indicating he would withdraw from frontline politics. In Greece, mainstream parties were hammered in a parliamentary election that seemed set to leave supporters of an IMF/EU bailout without a majority, raising doubts about Athens' future in the euro zone. Hollande's clear win should give the self-styled "Mr Normal" the momentum to press German Chancellor Angela Merkel to accept a policy shift towards fostering growth in Europe to balance the austerity that has fuelled anger across southern Europe. Merkel, who had openly favored fellow conservative Sarkozy, telephoned to congratulate Hollande and invited him to Berlin after his inauguration. The vote ended the "Merkozy" duo that led Europe through crisis and ushers in an untested partnership. German Foreign Minister Guido Westerwelle said: "We will now work together on a growth pact for Europe, that delivers more growth through more competitiveness." Opinion polls taken on Sunday showed the left strongly placed to win a majority in parliamentary elections next month, especially since the anti-immigration National Front is set to split the right-wing vote and hurt Sarkozy's UMP party. If they win that two-round election on June 10 and 17, the Socialists would hold more levers of power than ever before, with the presidency, both houses of parliament, nearly all regions, and two-thirds of French towns in their hands. Hollande led the presidential race from start to finish, outlining a comprehensive program in January based on raising taxes, especially on high earners, to finance spending priorities and rein in the public deficit to zero by 2017. He benefited from public distaste for the incumbent's abrasive style as well as anger about economic gloom that has swept aside leaders from Dublin to Lisbon. Sarkozy launched his campaign late and swerved hard to the right between the two rounds of voting as he tried to win back low-income voters who ditched him for the radical left and the far right on the first ballot. He barely dented Hollande's lead, however, and also failed to land a knockout punch in their only television debate. In two further blows in the last days of the race, far-right leader Marine Le Pen, who won 17.9 percent in the first round, and centrist Francois Bayrou, who polled 9.1 percent, refused to endorse the conservative president. Sarkozy allies consoled themselves that the margin of defeat could have been worse, preserving their parliamentary election hopes. "People were talking about an anti-Sarkozy tsunami," Foreign Minister Alain Juppe said. "That's not what happened." (Additional reporting by John Irish, Elizabeth Pineau, Sybille de la Hamaide, Ingrid Melander in Athens, Geert De Clercq, Alexandria Sage and Leigh Thomas; Writing by Daniel Flynn and Catherine Bremer; Editing by Paul Taylor and Anna Willard) World France France Election Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (11) mulholland wrote: Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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