"The Greeks are free to choose their own destiny. But, having said that, there are certain engagements that have been made and all those must be of course respected," Hollande said in a statement, cited by the news agency.
The president also noted that it is up to Greece to decide on its further stay in the eurozone.
There is growing worry in the EU over the outcome of snap elections planned for January 25, arising after the Greek left-wing Syriza party gained popularity all across the country. In his recent statement, the party’s leader Alexis Tsipras promised to stop a highly unpopular rigid economy policy and start a "necessary change" in Europe.
However, a number of European countries laid heavy criticism at the possible Greek plan. German Chancellor Angela Merkel previously announced that Germany is ready for Greece to leave the eurozone if the new government would change the current economic course.
Greek participation in the eurozone has been in the spotlight following the failure of the country's parliament to elect a president in the second and the final third rounds of voting. As a result, the Greek parliament will be dissolved, with snap election to take place on January 25. The opposition party Syriza, which promised to reconsider the country's agreements with foreign creditors, is likely to win the upcoming election, according to polls.