François Hollande victory sets EU on course for turmoil

A parliamentary election in Greece delivered a second hammer blow to Europe's political order, with voters flocking to anti-austerity candidates at the expense of the two traditional ruling parties. The combination of both results was expected to upset markets and increase pressure on the euro as investors today get their first chance to react to the prospect of far-reaching uncertainty in key eurozone countries. A €105 billion (£90 billion) bail-out deal reached with Europe to save the Greek economy would be thrown into doubt in the weeks of political wrangling expected to follow. With a high turnout, Mr Sarkozy became the 11th European leader to fall foul of the economic crisis in a catastrophic result for the leadership of a continent beset by economic collapse. The effects in France were equally as momentous as those in Greece as Mr Sarkozy was ousted from the Elysée after just one term in the worst setback for the centre-Right for over 30 years.