president nicolas sarkozy has lost his

today, french president nicolas sarkozy is caught in a runoff with francois hollande that cast him his job. under sarkozy, france's unemployment climbing to 10%, while economic growth ground to a halt. also today, greece, a national election taking place in a society crushed by debt. greek unemployment now at 21%. up from just 9% before bailouts and austerity brought protesters to the streets. and as no other network can, we brought together cnn's best from around the world. veteran business correspondent john defterios from abu dhabi, he'll break down what you need to know. jim bittermann is live from paris at the headquarters of now defeated french president nicolas sarkozy. he just conceded to socialist francois hollande. matthew chance is in athens at the center of an election that also took place today, greek voters deciding whether they are willing to accept tough cuts to deal with the country's enormous debt. a greek default could crush america's own slow recovery. al goodman is in madrid, a country closely watching these election results with all of you. the unemployment situat

fiscal pact and agreement championed by his rival nicolas sarkozy. reports. well one day to go before the french at the polls and make that decisive vote and even the city itself is preparing to usher it that's president now it's down to two men incumbent nicolas sarkozy of a socialist challenger ponce or log into the polls is still actually behind the law but there is still that question mark as to who the voters of but the plan of the national front and center is france will by whom who are they going to choose for the site that crowd already will suddenly be choosing between a man or laws be claims that he will bring back all of you to the country also want to go head to head with german chancellor angela merkel to challenge the fiscal pact that he says is bad for us on the other hand you have a man of substance you claim that he is the only one who can prevent france from going down the path but at least they had all the trouble to resort nations have gone down but there is a group of people who believe that they don't really have a choice when it comes t

president nicolas sarkozy has lost his bid for re-election. ialist challenger, francois hollande, is the winner with most of the votes counted. in sarkozy's concession speech, he urged voters to stand behind the president-elect. >> translator: in the new republic, this is

and this would take place involving a great ally of the white house, nicolas sarkozy. so in what way do you see some real parallels of the fight for the white house for president obama, now seeing what's playing out for sarkozy? >> well, the fate of the euro currency is the biggest question mark over the obama re-election effort. if there is more bad economic news from america -- for america, the most likely place it would come from is from some currency crisis in europe. and the french and the greeks in an election today that is every bit as important, they delivered a vote pleading for some kind of relief from this austerity. the tragic paradox for french voters is, francois hollande has probably better ideas about what to do for france over the next six weeks than nicolas sarkozy does. but he has much worse ideas about what to do over the next six years. >> so just yesterday we saw the president of the united states kind of rolling out officially the re-election campaign, spending time in ohio, and then again in virginia, trying to hit hard, looking forward for the e

the frontrunner and incumbent, nicolas sarkozy is at its narrowist. our bbc continue following each and every buildup. katya? >> it's actually quite nail biting. as many people here saying there's rarely in recent years been such a close call in the second round of the elections. it's about economic politics. french people say the economy is number one on their mind and the international market is watching. this is a huge european economy. who will be president will affect the economic policies in the euro zone. joining me to have a chat more about what it could mean is the university's expert. francois hollande is in the lead. can he really do what he is promising? >> well, for instance that he is going to create 60 extra public jobs. and i think that's quite difficult when you want to reduce the state. but i think there are -- they are really fearing he might come into power. it could also destroy the couple between -- because she doesn't want of the -- and nicolas sarkozy has been so close to angela merkel. they have been at the forefront of how to

election and what's been one of the most bitter and divisive campaigns in recent history incumbent nicolas sarkozy is battling for his political life against socialist challenger francois hollande voting is in full swing at french embassy is across north and south america a day before ballots open across mainland france austerity cuts pushed by the french leader have proved deeply unpopular with his leftist opponent promising to undo much of psychoses work if elected instead artie's brings us more from paris. one day to go before the french at the polls and make that decisive vote and even the city itself is preparing to usher it there that's president now it's down to two men incumbent nicolas sarkozy and his socialist challenger ponselle along cording to the polls is still it's going to be hard to log but there is still that question mark as to who the voters of but in the pen of the national front and center is france will by a group who are they go to choose up for the site that the french will essentially be choosing between a man or a lot of planes that we will bring back the wall with you t

cast their ballots in the country's ronald presidential vote as france decides on sunday between nicolas sarkozy and his socialist francois hollande and election which has sharply split the country. the man accused of masterminding the nine eleven terror attacks stays silent and then arraignment hearing at eight kuantan a military court but some claiming its timing is politically motivated. that russia's republic of dagestan mourns the victims of a deadly twin bombing which killed thirteen people and injured more than one hundred in an attack suspected to have international terrorism links. oh and thanks for joining our t.v. it is sunday one o'clock here in moscow karen tara well french voters abroad have begun to vote in the last leg of the nation's presidential election and what's been one of the most bitter and divisive campaigns in recent history incumbent nicolas sarkozy is battling for his political life against socialist challenger francois hollande voting is in full swing at french and the seas across north and south america a day before ballots open across mainland france austerity cuts

defeats nicolas sarkozy we will see a different tone from the country on the world stage. biggest change you have to say is that it will be one of style stuck ozias is it's very dramatic he leaps into a plane and flies to your journey he intervenes dramatically in libya very vocal in his hostility to syria and iran i think if all of these elected only his if i know me yet he will be much more carmen and we've drawn partly because he doesn't carry the experience to credibly neatly been to intercede for front if you like but also by temperament lose much more of a synthesizer as the saying goes than than psychos he's much less a dramatic personality and i think because he thinks that france needs a change from the slightly energetic style of leadership of nicolas sarkozy but i think one has to say that there are big question marks but far smaller all along he's never been a minister of any sort i mean this is i would say probably almost unique in a major western country that someone's got this far in the electoral process and they've never served in any sort of public office

know, tell us in your polls, the suspicion is it's less a vote for hollande, but a vote against nicolas sarkozy, is that what you're finding? >> yes, a lot of people are looking for all new things that is not really better than sarkozy. and i'm sure that on sunday we've seen the bulls, the voters up along, voted along because they don't want sarkozy to be elected, not because they want him, and we have the sarkozy voters. for the moment, it's too hard for the president to really be able to be react. >> you say that according to polls, many french people don't believe things will change, even if francois hollande becomes the next president. the markets seem to be worried about hollande. they're listening to his economic rhetoric. do you think french people aren't, really? even though they say the economy is number one on their minds. >> well, yes, they are convinced about francois hollande. they know it sent coming from the center, and it will -- i think there's a changing from the right to the left. and so people are no more worried about that. we are no more in 1981 when people were maybe, for

nicolas sarkozy, the incumbent has said he will wait until next year. been an interesting race. things got pretty heated in a debate last week with sarkozy calling hollande a liar. >> reporter: well, what happened is that, yes, it did become personal. you don't feel that these two men like each other on a personal level. it got a bit heated when sarkozy kept using the word lie, and that's where francois hollande said why do you keep using that word? is it something deep within you. even the sex skanldz was brought up about nicolas sarkozy, and francois hollande said why are you bringing this up, you're the man named to the head of the imf, the international monetary fund? you have a feeling that these two men on a personal level don't like each other, and this is what a presidential race is all about in democracies because there isn't that much difference in terms of policy between the two candidates. it comes down to who people like or dislike, and many people i have spoken to here who may have voted sarkozy five years ago are telling me that because t

ex-pats cast their ballots in the country's presidential vote as france decides on sunday between nicolas sarkozy and socialist randall francois hollande in an election which has sharply split the country. revolution hangover latest clashes in egypt between protesters and worry at military rule and security forces leave one dead and hundreds injured in the run up to landmark presidential elections. and russia's republic of dagestan mourns the victims of the deadly twin bombing which killed thirteen people and injured over one hundred and attacks a stat suspected to have international terrorism links. and thanks for joining our team where we bring you the latest news twenty four hours a day seven days a week french voters abroad have begun to vote in the last leg of the nation's presidential election and what's been one of the most bitter and divisive campaign sort of recent history incumbent nicolas sarkozy is battling for his political life against socialist challenger. and voting is in full swing at the french embassies across north and south america a day before ballots open across mainland fr

now hollande who beat nicolas sarkozy, by the way, with a very small margin, 1% or 2%. he will become naug rift and become the first socialist president almost 25 years ago. so it's a huge victory for the left in this country. the left is feeling that victory in a visceral way. it's a victory that wasn't just a protest vote against sarkozy's often-talked-about brash style, his hobnobbing with the rich and naims, b famous but also a protest against his basic inability to deal with the debt crisis in this country. >> as you said, he was in the wrong place at the wrong time historically speaking. jim asade da, we appreciate your reporting. >>> we turn to politics here at home. mitt romney heading to cleveland, ohio, this afternoon just days after president obama launched his reelection bid in that state. the president's saturday rally part of an official campaign kickoff where he warned against a republican vision that, in his words, would, quote, turn back the clock. >> now we face a choice. for the last few years the republicans who run this congress have insisted that w

francois hollande prepares to take office in france after defeating nicolas sarkozy. >> and the germanyoach makes his preliminary choice of players to go to the european championships. >> greece is on at the edge at this hour with conservative leader unable to warm a new government after elections that saw anti-austerity purdy's making massive gains. >> his party won the largest share of the vote on sunday and was given a first chance to form an administration. but he has already told president carolos papoulias that his efforts to form a government of national unity have failed. i did whatever i could, but it was impossible, antonis samaras said in a televised address a few hours ago to the greek nation. >> now that the mandate passes to the leftist party, there's a lot of talking to do. that is led by alexis tsipras. he will see the president on a tuesday morning. if he is able to form a coalition government, the greek government would be controlled by political forces opposed strongly to the terms of the international bailout. for the latest line is quickly moving story, let's go to

vote for change but others would point out that only in the sense that they've had enough of nicolas sarkozy now on sarkozy side there's a sense of cautious optimism the president's re-election bid has been an uphill battle but the fight is not over for him yet he has appealed to what he is called the silent majority of people who he says would not want to see france go in the direction that greece went on criticizing the socialist plan sarkozy said he does not want to see more spending deficits higher debt and risk and indeed the markets have been jittery at the prospect of a no longer victory especially since there is a potential for a franco german deadlock on the fiscal pact that was agreed upon and what sarkozy is hoping for now is to get the voters of the national friends body depend as well as a centrist bayrou finish fifth in the race now at a time when unemployment is a top priority of french people it's not surprising that foreign policy is taking a backseat however it will be soon enough that the next president will have to deal with these matters so as the french go out and vote

nicolas sarkozy was played by a wave of discontent over high unemployment.resents the socialist party and will be the first french president from that party since 1995 >> early voting returns in greek parliamentary elections today. if that holds is likely to revive the debt crisis in europe. the coalition is formed by the the only two parties in greece that support the current eurozone bailout. the bill was widely unpopular with voters because it came with a series of austerity measures >> your live illinois at lottery drawing is next... >> break it's time to get going. to have the energy to turn a "to do" list into a memory. to put more giddy-up in our get-along. to keep stepping up even in overtime. it's time to start gellin' with dr. scholl's... ... and mix a little more hop in our hip hop. thanks to the energizing support and cushioning of dr. scholl's massaging gel insoles, your feet will feel so good... ... you'll want to get up and go. winning lottery numbers... pick 3... 4 7 0 pick 4... 3 0 8 0 lucky day lotto... 21 8 28 23 27 [ water ] hey, it's me

french cast their ballot hopefully agencies are the closest help with disposable income that nicolas sarkozy is still trailing behind along by between four and seven points final pitch he presented himself as a president who will unite the country blaming sarkozy for having been a divisive president alluding to his anti immigration rhetoric for instance poland also says he will be the want to bring back equality to the country narrow the gap between the rich and the poor essentially by heavily taxing big companies and rich individuals a lot it's also been one of the loudest voices calling for more growth in the euro zone criticizing be a sturdy driven measures imposed so far by the e.u. now some say that a vote for a launch is essentially a vote for change but others would point out that only in the sense that they've had enough of nicolas sarkozy and also there's a sense of cautious optimism the president's re-election bid has been an uphill battle but the fight is not over for him yet he has appealed to what he has called the silent majority of people who he says do not want to see france

city itself is preparing to usher in their next president now it's down to two men incumbent nicolas sarkozy of his socialist challenger afonso a lot cordin to the polls is still a trailing behind a lot but there is still that question mark as to who the voters of but the pen of the national front and center is france will by rule who are they going to choose for the site that the french will essentially be choosing between a man or log claims that he will bring back a quality to the country also want to go head to head with german chancellor angela merkel to challenge a fiscal pact that he says is bad for france how do you ever have you have a man of substance even claims that he is the only one who can prevent france from going down the path that greece italy spain and all the trouble do result nations have gone down but there is a group of people who believe that they don't really have a choice when it comes to the program be presented to them and therefore the personality of these two men has become just as important as the proposal stay put for the boils down to which man is more presid

a bitter and deeply divisive presidential election will be decided on sunday and france with nicolas sarkozy battling for his political life against socialist challenger francois on land all started cuts pushed by be some to write french leader have been deeply unpopular with his leftist opponent promising to undo much of sarkozy's work if elected instead are to stress or sillier brings us more from paris one day to go before the french at the polls and make that decisive vote and even the city itself is preparing to ensure that their next president now it's down to two men incumbent nicolas sarkozy and his socialist challenger afonso a long courting to the polls is still it's leaving behind a lot but there is still that question mark as to who the voters of many of the pen of the national front and center is france will by a group who are they going to choose for the site that the french will essentially be choosing between a man or lawton claims that he will bring back the wall with you to the country also want to go head to head with german chancellor angela merkel to challenge a fiscal p

cast their ballots in the country's run of presidential vote as france decides on sunday between nicolas sarkozy and his socialist rival swansong land in an election which has sharply split the country. the self-proclaimed mastermind of the nine eleven terror attacks on says the judge's questions with the stony silence at a guantanamo port was something the timing of the military tribunal is politically motivated. and a day of mourning is observed in russia's republic of dagestan for the victims of a double bombing which is thought to be linked to international terrorist groups. twenty four hours a day seven days a week you are alive here with our teeth thank you for joining us now our top story for this hour french voters abroad have begun to vote in the last leg of the nation's a presidential election in what's been one of the most bitter and divisive campaigns in recent history and cumbered nicholas a cosy is battling for his political life again socialist challenger francois law and thirteen is in full swing at french embassies across north and south america as ballots are to open in a few h

election and what's been one of the most a bit to and divisive campaigns in recent history incumbent nicolas sarkozy is betting for his political life again socialist challenger from a law and vote for swing at french embassies across north and south america as open in a few hours across mainland france a stereotype consul push by the french leader have proved deeply unpopular with his left his opponent promising to undo much of so cozies work if elected tessa's celebrities are small from paris. but even the city itself is prepared to assure it there that's president now it's down to two men incumbent nicolas sarkozy of his socialist challenger francois log cording to the polls is still it's really hard to log but there is still that question mark as to who the voters of but in the period of the national front and such as france will by rule who are they going to choose for the second route the french will certainly be choosing between a man or lawyer flames that he will bring back to what would he do the country also want to go head to head with german chancellor angela merkel to challenge a fiscal

time as millions choose between the two candidates in the run of the defending president nicolas sarkozy has already claimed the election isn't a knife's edge as he close to a known rival nicolai of france are london the final polls. visited the headquarters of both candidates. as the french prepare to choose the future of their country word on the street here in paris is that they're likely to get a socialist president the first in seventeen years in the form of now here in front of the socialist party's headquarters there's certainly high hopes for that but of course nothing is certain until the french cast their ballots fully agencies are the closest gauge of the public's polls incumbent nicolas sarkozy is still trailing behind a long by between four and seven points and we lost final pitch he presented himself as a president who will unite the country blaming cycle for having been a divisive president alluding to his anti immigration rhetoric for instance poland also says he will be the want to bring back equality to the country to narrow the gap between the rich and the poor essenti

and nicolas sarkozy falls under the weight of france's mounting debt is socialist leader. grabs the presidency spelling change for the eurozone now. hello it's ten am monday morning here in moscow this is our team my name is kevin know it in our top story for you this morning vladimir putin returns to russia's top job he'll officially be back at the helm and later on today after he's sworn into office for a third it follows his four year stint as prime minister let's talk to our t's and listen now if she's down outside the morning for us to bring us up to date before of course our full program takes the air in about an hour and a half's time and this either the seventy said the kickoff as i said shortly but despite majority vote in the march election there's been a fair amount of opposition to putin's reelection isn't there. there has never before have russians really been this active in politics as we've seen since september when vladimir putin announced that he was coming back to the kremlin in december we saw a vast movement really pick up pace for free and fair electio

changes across europe tonight, with french president nicolas sarkozy the biggest casualty. after winning the sunday vote, the socialist franÇois hollande has enjoyed his first full day as the president-elect. having promised more growth and less spending cuts, he now has to deliver. we have this report. >> the president elect, and arriving at socialist headquarters this morning to begin the transition to power. the work has begun it for a new government, and time is short. >> i have to prepare. i told you we were ready. now, i have to prove it. >> it is a new style of leadership, more accessible, but suddenly, mr. hollande is a torchbearer for a new europe. it makes the financial markets nervous. in paris, broadly speaking, there is a renewed sense of optimism. >> i think he raises a lot of hope, yes. >> together for so long. and we think it should be all right. >> maybe go to london and leave france, because this program is not really what i expect for france. >> franÇois hollande put young, french people at the heart of his campaign. they have rejected austerity. a challe

there is no reason for her to support nicolas sarkozy. some of her supporters in the last week said their intention is so destroy nicolas sarkozy ability to win the election. >> we now go to the "news of the world" phone hacking scandal. the house of commons is deciding whether particle was misled about the phone-hacking practice at the newspaper. they are going to consider the role of james murdoch. he has denied knowing of any wrongdoing at the newspaper. joining me now is our political correspondent, naomi. has hard to get any information about what the report findings will be. >> it looks like they will have criticism of the managers. they thought three managers there actually misled parliament. that is a very serious accusation, and it will be a big stain on their character if that's the case. the committee will stop short of accusing james murdoch of misleading parliament. there is a suggestion he should have can asked more questions with this phone-hacking scandal. >> what is the bigger consideration of considering the ethics of th

after a stunning defeat of in couple bent president nicolas sarkozy, this week's presidential runoff.hollande won with 52% of the vote, hollande is france's first socialist president since francois mitterrand left offers 17 years ago. analysts say the main acteddor in hollande's victory is the revolt of french voters against the austerity measures imposed by european union finance ministers to cope with the ongoing fallout from the 2007 world economic collapse. those measures have been dubbed "mercozy" because of the close collaboration between german chancellor angela merckle and french president nicolas sarkozy. "mercozy" is the dub. those austerity measures are now in doubt. france has an unemployment rate of 10% if it's youth unemployment rate of 30%. hollande campaigned on a promise to roll back spending cuts and increase hiring, including 60,000 more teachers, promises at odds with the euro zone budget re straits. europe? a crisis of governance. the politicians who negotiated an austerity pact for europe citizens have been unable to manage sustained political support for those s

given that this was a vote against nicolas sarkozy, and how much did the french people vote to reject the policies of austerity? >> i think many french voters have grown weary of the kind of high octane presidency of nicolas sarkozy. many of them said to us that they did not like him. some found him aggressive. some found him pandering to the right over immigration. without doubt, this is an economy that has been stagnating. unemployment is at 10%. many people believe the policy of cutting the deficit was not working. francois hollande tapped into that. he presented himself as mr. normal, a man you could feel safe with. in the end, he came out ahead by offering that. >> looking forward, how much can he really changed france's economic and fiscal policies given that he has to try to work with the germans and within european restrictions? >> i think are huge difficulties for him. he has wanted to balance the budget within five years. at the same time, he says he will boost certain amounts of spending. how precisely will he do that? he says he wants to renegotiate the pact to enforce gre

>> nicolas sarkozy and his hollande,ncois are heating up. we have a report on what could be a photo finish. >> both of these candidates have been on the campaign trail now for months. we are here at the end of the road. it is decision time for the french voters. it has been kind of a bruising and angry campaign. today was busy. both candidates bouncing around the country in an attempt to encourage the undecided voters to go their way. at the end of the day, it comes down to 40 million people in this country who must decide which policies they believe and which of these two men they want to lead them through this crucial period. for francois hollande, it is the end of a long journey. 30 years in opposition. his campaign almost a year ago. today, with just hours of the battle remaining, the challenger was still fighting for votes. five points ahead in the polls but nothing is taken for granted. >> i have never under estimated nicolas sarkozy. i have contested his policies, his choices, and how he does things. i know his energy, the strength of

hamid karzai. >> welcome to the french presidential race is heating up as we speak with incumbent nicolas sarkozyacing off in a televised debate with his socialist challenger francois hollande. >> this is seen as a make or break for sarkozy. hollande has a lead of between six and 10 points in opinion polls. and he has a reputation of being a better life speaker. we will find out who is doing best in the debate later on. >> standard and poor's has lifted it greece out of default territory. >> the move was expected after athens completed the onslaught of about 100 billion euros, canceling a third of the country's debt. but the credit rating agency kept greece firmly in the junk category with a ccc rating. the award of the deep recession, unpredictable elections sunday, and anger against austerity threatening efforts to get finances back on track. >> meanwhile, the eu finance ministers have been meeting in brussels to finalize a new banking rules for the next year. they determine how much capital that lenders need to keep on reserve in case of another crisis. >> the struggle with finance ministers a