France needs this stability
Last night, following the first round of the French parliamentary elections, it appeared certain that after next Sunday's run-offs President Francois Hollande will have a firm majority in the National Assembly.
This, combined with his own comfortable victory in the presidential election, will give his country some much-needed stability. This need is not confined to France.
Every country in the European Union could do with some reassurance that the political and financial world contains more than never-ending crisis. But it would be far-fetched to regard Mr Hollande as some kind of socialist saviour.