France's Socialist President Francois Hollande confirmed today that he will not seek a second term in office, reports CNN.
"I am speaking to you this evening to inform you of the decision I have taken in view of the forthcoming presidential election," he said. "I have decided not to be a candidate in the presidential election."
Hollande's Socialist Party will now have to find a candidate to run against the free market leaning Francois Fillon, of the center-right Republican Party, and Marine Le Pen, of the far-right Front National, in the 2017 election.
-RW
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