PERSON@1 's presidency and the exercise of power -LRB- NUMBER@1 -RRB- In NUMBER@2 PERSON@1 defeated the incumbent conservative , Valéry Giscard d'Estaing , to become the first socialist of the LOCATION@1 to be elected President of LOCATION@2 by universal suffrage .

PERSON@1 's presidency and the practice of power -LRB- NUMBER@1 -RRB- In NUMBER@2 PERSON@1 defeated the conservative , Valéry Giscard d'Estaing , to become the first socialist elected President of LOCATION@2 by universal suffrage .
