It wasn't much of a surprise that the French Presidency has changed hands and it now Francois Hollande cartwheeling around The Elysee Palace in place of Sarkozy who conceded defeat just 20 minutes after the polling closed.
Bye bye Sarkozy, don't let the doorknob hit the back of your head on your way out.
Hollande has said all along that austerity is not the only way to get France out of the Economic mess which has not gone down well in Germany with Angela Merkal and won't sit very well with our own Conservative Government who have long argued that austerity is the only way.
"I'm sure in a lot of European countries there is relief, hope that at last austerity is no longer inevitable" said Hollande at his victory speech which must be a boost for left wing parties everywhere.
Hopefully, we will now see a wave of right wing Governments removed and a sea of Socialist Parties being elected into power.
This could be the start of a momentous time where right wing policies and unregulated Capitalism have their chips cashed in and fairness, equality and a more equal redistribution of wealth is ushered in.
The trickle down theory has failed, there are far more poor people than rich ones in every developed country so anyone advocating policies that are in the clear self-interest of this majority, raising wages, reducing prices, create jobs, will be voted into office.
Voters are coming to the conclusion that since most people in the world are either poor or live below the average income in their countries, it is in their own interests to vote for politicians promising to redistribute wealth from the top of the economy down to them.
South American countries such as Venezuela, Bolivia, Uruguay, Chile and Ecuador reached this conclusion a while ago and turned to the left and now one of the great powers in Europe has gone the same way.
Maybe, just possibly, the penny has dropped and we will see modern Socialism replace the tired and corrupt ways of the right.
A lot will depend on how Hollande's policies fare but Karl would be proud tonight.