"We should not now simply let ourselves be thrown off track by daily developments," he told reporters in Berlin. "The road is right; Europe has done its homework."
In the end, Germany may be right: It may be that the times make the president, not the other way around.
"I think that the markets have to realize that the margin of maneuver of any French president is extremely slim," said political analyst Dominique Moisi. "The deficits are huge in France, the rules of the (European) monetary union are very tight. Any president, Francois Hollande or Nicolas Sarkozy, would reintroduce consideration for growth in his economic policy, and I think that ultimately Francois Hollande is a moderate man."
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Geir Moulson in Berlin and Catherine Gaschka in Paris contributed to this report.
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