Sarkozy to pass power to Hollande on 15th

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Outgoing French leader Nicolas Sarkozy will hand power to president-elect Francois Hollande on May 15, following talks between the two camps, the presidency announced Monday. The Socialist election winner’s campaign director Pierre Moscovici agreed the date in a telephone call with Sarkozy’s chief of staff Xavier Musca on Monday morning, the Elysee Palace told reporters.