So, Sarko beat Sego, as widely expected, despite her creditable perfomance in the campaign. Although the knives will now be out for her, her score compares well. Only one socialist candidate - Mitterrand - has ever won the French presidency since it bcame directly elected nearly half a century ago. In two out of the eight elections, (1969 and 2002) the Socialist candidate did not even reach the second round. Often, it has been the factionalism of the French left that has led to their downfall.

One important consequence at European level is on the debate on the Constitutional Treaty. Sarkozy supports a simpler treaty, avoiding the constitutional implications that could require a referendum. This puts him on a similar line to that of the Dutch government, supported recently by Tony Blair, as a way to salvage the key reforms contained in the constitutional treaty without raising the constitutional questions that some feared were raised by the Constitutional Treaty.

Of course, the overwhelming majority of Member States (including the two-thirds who have already ratified it) want to salvage the whole treaty, but the combination of Britain, France, Netherlands, and probably some others supporting a less controversial scaled-down text could prove decisive. Let's hope that it doesn't mean we'll lose the really useful reforms contained in the treaty, that Blair rightly hailed as a positive result for Britain and for the whole of Europe.