Between 2004 and 2008 the country's economy benefited from a rise in the international prices of commodities, a growth related to the speculative bubble in the North, which generated more exports.
His opponents would mostly point at Hollande's allegedly unsuccessful tenure: The country's economy has only gradually recovered from recession, but many of the nation's problems remain unresolved.
Speaking on state television, Rouhani said the nation's economy had stabilized despite punishing US measures against its senior leaders, the banking and finance sectors.
When President Warren Harding took office in 1921, the national economy was in the depths of a depression with an unemployment rate of 20% and runaway inflation.
We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without crisis.
But the practice exposes the country's economy to a huge amount of financial risk, and it has come under much more scrutiny from China's newly-appointed banking regulator, Guo Shuqing, who has signalled his intention curb off-sheet lending.
The national economy entered a recession following the Panic of 1819, and the state's only two banks collapsed in the immediate years that followed, ending the state's early improvement programs without having achieved much success and leaving the state with a modest debt.
This has not yet been fully understood by most of the world's governmental institutions, but the most developed economies clearly see that this is an inevitable step forward and that they have to adapt to this new economic reality.
From this point of view Russian influence can only be marginal, the economy of the country ruled by Putin does not have the structural strength to insert itself strongly in Europe, if not for the raw materials, on the contrary the great financial strength and the great capacity Chinese production could draw a great advantage not indifferent from the American attitude.
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