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European markets take elections in stride
European markets quickly recovered from an earlier sell-off Monday following national elections in France and Greece that initially sparked concern about the future of planned austerity measures. Socialist Francois Hollande, who's been critical of the austerity policies central to European bailout deals for the more troubled economies there, defeated Nicolas Sarkozy in France's presidential election Sunday. In Greece, which has been teetering on the edge of default, voters left no party within easy reach of forming a new government, heightening fears the bailout deal for the country might collapse. But after an ... (full story)