Welcome to our rolling coverage of the reaction to elections in France and Greece on a big day for Europe.
By Tom Burgis, John Aglionby and Esther Bintliff in London with contributions from FT correspondents around the world. All times are London time.
This post should update automatically every few minutes, although it might take longer on mobile devices.
12.44 Borzou Daragahi, the FT’s north Africa correspondent, reports on the response to the French election results in the Arab world:
Across a region undergoing tumultous change, many greeted the fall of Nicolas Sarkozy with glee, hopeful it would spell the end of French foreign policies considered too Atlantacist, pro-Israel and anti-immigrant.
Though many Libyans hailed Mr Sarkozy for his role in spearheading Nato’s help in toppling Col Muammer Gaddafi, others remember his administration’s cozy ties with deposed Tunisian leader Zein el Abidine ben Ali and Egypt’s former President Hosni Mubarak.
Ties between Tunisia’s new government, dominated by a coalition of Islamists and leftists, and France have grown particularly strained. In an interview with the FT in January, Islamist party leader Rachid Ghannouchi accused France of arrogantly giving Tunisia ‘lessons’ on economic and social policy despite its own problems.
Mustapha Ben Jaafar on April 27, 2012. AFP PHOTO/ FETHI BELAIDFETHI BELAID/AFP/GettyImages
After Mr Sarkozy’s defeat, Mustapha ben Jaafar, speaker of the Tunisian parliament and leader of the left-leaning Ettakatol party, hailed François Hollande’s arrival as way to update bilateral relations.
“We are hopeful that the arrival of the Socialists will give impetus to the historically strong relationships between our two countries,” he said in a statement. “With France, the new democratic Tunisia wants to build a true partnership that respects the values of freedom and human rights, based on a strategy of co-development and shared prosperity.”
12.22 The election results in Greece testify to widespread dissatisfaction with the country’s mainstream conservative and socialist parties. Voters have punished the political groups they see as jointly responsible for the economic crisis, with once marginal groups rapidly gaining ground.