Handle error with basic socket creation

#handling errors in python socket programs

import socket #for sockets
import sys #for exit

try:
#create an AF_INET, STREAM socket (TCP)
s = socket.socket(socket.AF_INET, socket.SOCK_STREAM)
except socket.error, msg:
print 'Failed to create socket. Error code: ' + str(msg[0]) + ' , Error message : ' + msg[1]
sys.exit();

print 'Socket Created'