France's Socialist President
Hollande's announcement Thursday on French television network TF1 came just a few days after his No. 2, Manuel Valls, said he is "ready" to compete in the left-wing Socialist primary in January.
Hollande said, "I have decided not to be a candidate in the presidential election" and that he remained "lucid" about his chances of getting wide backing within the party.
The deeply unpopular Hollande was expected to say in the coming weeks whether he would run again.