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Georgia President concedes election defeat

2 October 2012 Last updated at 13:24 BST

Georgia President Mikheil Saakashvili, who has led the country since 2003, has admitted his party has lost Georgia's parliamentary election, held on Monday.

In a live TV announcement he conceded that the opposition Georgian Dream coalition had secured a majority, though went on to say that he finds the views of the coalition "fundamentally unacceptable".