Pressure is building on president-elect Francois Hollande to stand by France's austerity vows, with Germany's Angela Merkel saying Europe is counting on them to resolve the bloc's debt crisis.
France's outgoing president Nicolas Sarkozy (R) and newly-elected president Francois Hollande (L) pay homage during a ceremony marking the 67th anniversary of the Allied victory over Nazi Germany in World War II, on May 8, 2012 at the Arc de Triomphe in Paris. Pressure is building on Hollande to stand by France's austerity vows
Hollande's first foreign trip as president will be to Berlin next week.
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