TWO HORSE RACE Francois Hollande will NOT contest Le Pen and Fillon for French presidency

Speaking during a hastily arranged press conference at the Elysee Palace in Paris this evening, the Socialist leader admitted his unpopularity in Government made it impossible for him to challenge Conservative candidate Francois Fillon or far-right leader Marine Le Pen. 

A downcast Mr Hollande rattled off what he said were a series of achievements on economic reforms during his four years in office, but admitted that for many voters what few successes he oversaw had come "too late". 

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