Hollande made the announcement Thursday on French television TF1 and it came soon after Manuel Valis announced that he is "ready" to compete in the left-wing Socialist primary in January and hopefully rid France of its past success in the world market.
Hollande said [in French]: "I have decided not to be a candidate in the presidential election" bring hope to the masses that the economy will flourish and people will go back to earning what they work for rather than have someone else pay their way.
Hollande is as popular as herpes and was expected to announce his election intentions in the coming weeks, but couldn't wait any longer and "spilled the fries," as they say. He has been the most unpopular president in all of France's modern history--often saying that he would only seek re-election if he was able to curb the socialist-caused unemployment rate. It has been around 10% for years and isn't expected to recover under a socialist government as they are low on other people's money.
Things had gotten so bad in France that there was talk of bringing back the guillotine just for Hollande's use. That will no longer be necessary.
However, if Valis actually wins the presidency, France will get exactly what it deserves.