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The French have elected a new president, Francois Hollande, who beat Nicholas Sarkozy by a margin of 4%. After making an acceptance speech in his hometown of Tulle, Hollande has now left for Paris.With the emerging election results in Greece (appearing to be opposed to the EU bail-out plan), the European Union appears to be starting the week with a colossal headache.
A tropical cyclone looks likely to be forming in the waters of southern Indonesia, a very unusual occurrence, as I pointed out yesterday. Bakung (Daffodil) will head southwest towards the islands west of Timor over the next few days.