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Francois Hollande was crowned the new President of France beating Nicholas Sarkozy. Hollande got 52 percent votes, while Sarkozy managed to get only 48 percent of votes. Failing to win a second term in Presidency, Sarkozy now shares the fate of Valery Giscard, who failed a second term in Presidency in 1981. Hollande has been keeping an upper hand in the campaign as well as the first round of voting. He was ahead of Sarkozy in the opinion polls held on Thursday.
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