1. Speaking Out

    Election Upheaval Across Europe

    Socialist Party (PS) newly elected president Francois Hollande waves after the results of the second round of the presidential election on May 6, 2012 in Tulle, southwestern France. Francois Hollande was elected France's first Socialist president in nearly two decades today, dealing a humiliating defeat to incumbent Nicolas Sarkozy and shaking up European politics.      AFP PHOTO / PHILIPPE DESMAZES        (Photo credit should read PHILIPPE DESMAZES/AFP/GettyImages)

    Philippe Desmazes, AFP / Getty Images

    Voters made themselves heard across Europe on Sunday as French President Nicolas Sarkozy lost his reelection bid and the majority parties in Greece failed to beat out far-left and far-right fringe options. Socialist candidate François Hollande won over Sarkozy in a victory that was seen as more of a vote against the incumbent than for the anti-austerity liberal. German Chancellor Angela Merkel’s party also suffered defeat in a closely watched state election Sunday. All three winners—in France, Greece, and Germany—are known for their stances against the austerity plan largely adopted by European countries as a way out of the financial crisis.

    Read it at Wall Street Journal