Ten Things You Need to Know Today: Monday 7 May 2012

1. SOCIALIST HOLLANDE WINS IN FRANCE

French socialist Francois Hollande won a clear victory in yesterday’s run-off in the country's presidential election, polling just under 52% of votes. He is the first socialist presidential winner since Francois Mitterrand 31 years ago and promised a rally at the Bastille to lead France away from German-dominated austerity.

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