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And no wonder the French stockmarket rose on the news of his appointment.
ECONOMIST: Laurent Fabius, France��s man of delayed destiny
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Going head-to-head with Julian White, regarded as the most destructive scrummager in Europe, French rose to the challenge magnificently.
BBC: How Wasps tamed the Tigers
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In France in the mid-1980s, the online Minitel Rose services gave the French a new opportunity to talk away the evenings through their little beige videotex terminals.
ECONOMIST: Letters
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In Germany, the DAX 30 index added 1.8% to 6539.85 in Germany, while the French CAC 40 index rose 1.5% to 3363.23 and London's FTSE 100 moved 1.3% higher to 5795.20.
WSJ: European Stocks Close at Highest Since August
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Mr Hollande's meeting with Mr Mittal came on the day when French unemployment figures rose again, to its highest level since April 1998.
BBC: SOS sign at Arcelor Mittal's steel plant
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The spread between French and German 10 year paper rose 5 basis point to 106bps basis points after the measures were unveiled.
FORBES: The Financial Folly Of Socialist France
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French unemployment rose for the second month running, to 8.9%.
ECONOMIST: Overview
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The premiums investors have to pay to hold Italian and French 10-year government debt over benchmark German Bunds rose to their highest in the euro era Thursday with signs growing that the Greek government may fall.
FORBES: Eurozone Crisis: Part But Not All of the Solution
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French bond yields also rose Monday, after the first round of France's elections Sunday reinforced expectations that Socialist candidate Francois Hollande will unseat President Nicolas Sarkozy.
WSJ: Europe Woe Stirs
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The French CAC-40 index gained 1.1%, to 3266.27, and rose 2.4% on the week, snapping a five-week losing streak.
WSJ: European Shares End on High Note
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The Mary Rose saw 34 years of service before she sank while leading an attack on a French invasion fleet in 1545, and was raised 437 years later on 11 October 1982.
BBC: Mary Rose protective jets switched off for first time
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It got worse for Barca as Real's young French centre half Raphael Varane rose unchecked from a corner to head home a third goal that truly knocked the stuffing out of the home side.
CNN: STORY HIGHLIGHTS