Francois Hollande defeated French President Nicolas Sarkozy as voters handed control of the second-biggest European economy to the Socialists for the first time in 17 years. Socialist Hollande’s simple solutions include: =Taxes *Impose a tax on financial transactions. *Impose a 75 percent income tax on earnings above 1 million euros ($1.32 million) and raise the rate to 45 percent for the income bracket between 150,000 euros and 1 million euros per year. *Repeal 29 billion euros of tax breaks over the next five years. *Increase total tax level to 46.9 percent in 2017 from 45.1 percent in 2012 (payroll and...