Hollande Seen Bowing to Crisis in Socialists’ Balancing Act

Francois Hollande helped President Francois Mitterrand nationalize companies in the 1980s. A decade later, he helped Prime Minister Lionel Jospin sell them.

Faced with leading the second-biggest euro economy amid the debt-crisis crossfire, the Socialist presidential candidate may have to govern as the 1990s model, says Steven Major, head of fixed-income research at HSBC Holdings Plc in London.