France's incumbent President Nicolas Sarkozy (C) and his wife Carla Bruni leave a polling station on May 6, 2012 in Paris. Francois Hollande was elected France's first Socialist president in nearly two decades dealing a humiliating defeat to incumbent Nicolas Sarkozy. Following Hollande's election, Sarkozy said: "I called him and I wished him good luck.....I carry all the responsibility for this defeat." AFP PHOTO / MARTIN BUREAU

French Socialist Party (PS) President of the Correze Council General Assembly Francois Hollande (R) with his companion Valerie Trierweiler on April 21, 2012 in Tulle, southwestern France, on the eve of the 2012 French presidential election's final round. Hollande won the French presidential election on May 6, 2012 with between 52 and 53 per cent of the vote, ousting right-wing incumbent Nicolas Sarkozy. AFP PHOTO JEAN-PIERRE MULLER

Supporters of Socialist Party (PS) candidate for the 2012 French presidential election celebrate at Place de la Bastille in Paris on May 6, 2012. Joyful crowds gathered in Hollande's adopted hometown of Tulle and in Paris to celebrate his victory. Even before polls closed and broadcasters released estimates, supporters were chanting "President Hollande!" and "We Won!" at the iconic square. AFP PHOTO / FRANCK FIFE

Front pages of British newspapers on May 7, 2012 in London featuring the outcome of the French election. The result will have major implications for Europe as it struggles to emerge from a financial crisis and for France, the eurozone's second-largest economy and a nuclear-armed permanent member of the UN Security Council. AFP PHOTO/CARL COURT

France's Socialist Party (PS) newly elected president Francois Hollande waves to the crowd at the Place de la Bastille in Paris on May 7, 2012 after the announcement of the first official results of the French presidential second round. The election was marked by fears over European Union-imposed austerity and economic globalisation, and Hollande has said his first foreign meeting will be with German Chancellor Angela Merkel -- the key driver of EU budget policy. AFP PHOTO / THOMAS COEX

A trader talks on the telephone as he looks at the electronic stocks board at the Philippine Stock Exchange in Manila on May 7, 2012. Asian markets and the euro slumped on May 7 after voters in France and Greece voted out their ruling parties in a backlash against austerity measures aimed at battling the eurozone crisis. AFP PHOTO / Jay DIRECTO

Hollande has vowed to renegotiate the hard-fought fiscal austerity pact signed by EU leaders in March and to make it focus more on growth, but is facing resistance from Merkel.. AFP PHOTO / FRANCK FIFE

Supporters of Socialist Party (PS) candidate for the 2012 French presidential election celebrate at Place de la Bastille in Paris on May 6, 2012 after the announcement of the first official results of the French presidential final round. AFP PHOTO / FRANCK FIFE

Supporters of Socialist Party (PS) candidate for the 2012 French presidential election celebrate at Place de la Bastille in Paris on May 6, 2012 after the announcement of the first official results of the French presidential final round. AFP PHOTO / FRANCK FIFE