French President Nicolas II concedes defeat in re - election bid . Most of his economic reforms , such as raising retirement age were poorly received . None of these reforms was universally popular and some , at least initially , were roundly condemned . Sarkozy was praised for sure - footed handling of the shootings . Critics say Sarkozy avoided criticism as he diverted attention from financial issues .
French President Nicolas II concedes defeat in re - election bid . Most of his economic reforms , such as raising retirement age were poorly received . Sarkozy was praised for sure - footed handling of the shootings . Critics say Sarkozy avoided criticism as he diverted attention from financial issues .