French President Francois Hollande is one step closer to meeting his preferred challenger in next year’s election: Nicolas Sarkozy. Hollande’s predecessor said Monday he plans a repeat of the 2012 contest for the French presidency, officially declaring himself a candidate in the Republican party’s primaries. The long-anticipated announcement gives Sarkozy, 61, three months to win over skeptics in his own camp and overtake the frontrunner Alain Juppe. Bloomberg's Caroline Connan reports to Francine Lacqua on "The Pulse."