10 things you need to know today: May 7, 2012

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The euro and markets have tumbled following game-changing elections in Europe. Socialist Francois Hollande beat incumbent Nicolas Sarkozy in the French presidential run-off; meanwhile, in


Greek parliamentary elections, voters dealt a blow to long-dominant political parties in favor of supporting anti-bailout groups. Both elections show voters chafing against the austerity


measures of the German-led plan to deal with Europe's debt crisis and are expected to have wide-reaching consequences. [Washington Post]


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