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Published May 06, 2012, 12:00 AM

Outgoing French President Nicolas Sarkozy

Outgoing French President Nicolas Sarkozy waves from his car as he leaves after addressing supporters at his Union for a Popular Movement (UMP) party headquarters after the the preliminary results of the second round of the presidential elections were announced in Paris Sunday May 6, 2012. Socialist Francois Hollande defeated Sarkozy on Sunday to become France's next president, Sarkozy conceded defeat minutes after the polls closed. (AP Photo/Thibault Camus)

Read the article: France Gets New Leader, Europe New Direction