Georgia Ruling Party Concedes Defeat

Basically, the pro-American government lost to the pro-Russian opposition

|

Georgian President Mikheil Saakashvili has conceded defeat for his ruling party in Monday's parliamentary election, handing victory to an opposition coalition led by billionaire Bidzina Ivanishvili.

Saakashvili pledged in a televised statement to help the opposition with the process of forming a new government.