
Supporters of Mr. Hollande celebrate with champagne after results of the second round of the French presidential election were announced Sunday. The party outside Socialist Party headquarters in Paris. "Austerity can no longer be inevitable," Mr. Hollande declared in his victory speech Sunday night, referring to Mr. Sarkozy's push for belt-tightening to fight persistent unemployment and rising national debt.

Supporters of Socialist Party candidate for the presidential election Francois Hollande react after the first results of the second round of French presidential elections were announced at Bastille Square in Paris. (AP Photo/Laurent Cipriani)

Supporters of Socialist Party candidate for the presidential election Francois Hollande celebrate with champagne after the first results of the second round of French presidential elections outside Socialist Party campaign headquarters in Paris. (AP Photo/Francois Mori)

Supporters of Socialist Party candidate for the presidential election Francois Hollande celebrate with champagne after Hollande won the election. (AP Photo/Francois Mori)

Supporters of Socialist Party candidate for the presidential election Francois Hollande react after the final results show that Hollande won the election. (AP Photo/Remy de la Mauviniere)

Supporters of Mr. Hollande celebrate with champagne after results of the second round of the French presidential election were announced Sunday. The party outside Socialist Party headquarters in Paris. "Austerity can no longer be inevitable," Mr. Hollande declared in his victory speech Sunday night, referring to Mr. Sarkozy's push for belt-tightening to fight persistent unemployment and rising national debt. (Associated Press)

Greek Prime Minister George Papandreou, bottom right, minister of Finance Evangelos Venizelos, bottom left, and other lawmakers clap hands after the announcement of the confidence vote meeting at the parliament in Athens, early Saturday, Nov. 5, 2011.Greece's prime minister has survived a confidence vote in parliament, calming a revolt in his Socialist party with a pledge to seek an interim government that would secure a vital new European debt deal.(AP Photo/Petros Giannakouris)

Greek Prime Minister George Papandreou addresses Socialist party members of parliament in Athens on Nov. 3, 2011. Greece's embattled prime minister says he has invited opposition conservatives to join talks on a major European debt deal, ignoring calls to hold an early general election. (Associated Press)

A woman walks outside the Greek parliament in central Athens, on Nov. 1, 2011. Lawmakers in Greece's ruling Socialist party revolted over their prime minister's surprise decision to hold a referendum on a European debt deal, threatening the very survival of his embattled government. (Associated Press)