French presidential election
Voters rejected austerity and they rejected the political establishment.
Voters have punished incumbents of every stripe for hard times.
The PM has lost an ally, while the Labour leader has gained one.
Sarkozy concedes defeat as a Socialist wins the presidency for the first time since 1988.
Sarkozy's vulgar desire to party put a curse on his presidency.
The French Socialist must clarify his mission before the second round.
It’s been quite a month for the populist right in Europe: Marine Le Pen, the Front National (FN) candidate in the French presidential elections, took 17.9 per cent of the vote in the first round;
Exit polls put Socialist candidate ahead of Sarkozy as support for Le Pen surges.
Five elections in the first week of May will show whether the left can recover.