Tributes poured in Thursday after the death of former French president Valery Giscard d'Estaing from Covid-19 aged 94, with French and European leaders hailing him as an ambitious reformer and great statesman.

Giscard, who had been suffering from heart problems recently, died on Wednesday at the family estate.

Giscard d'Estaing ruled France for a single seven-year term from 1974 to 1981
Giscard d'Estaing ruled France for a single seven-year term from 1974 to 1981 AFP / STEPHANE DE SAKUTIN

He governed for a single seven-year term from 1974-1981, when France made great strides in nuclear power, high-speed train travel and legalised abortion.

He placed Paris at the heart of Europe in a post-war partnership with Germany and paved the way for the creation of the G7 group of world powers.

In contrast to his predecessors Georges Pompidou and Charles de Gaulle, he was an accessible and media-savvy politician who enjoyed meeting voters. But he never shook off a sometimes haughty demeanour linked to his aristocratic background.

This file photo from June 1973 shows then finance minister and presidential candidate Valery Giscard playing the accordion
This file photo from June 1973 shows then finance minister and presidential candidate Valery Giscard playing the accordion AFP / DANIEL JANIN

His ambition to go down as one of France's greatest leaders was derailed in 1981 when he lost his bid for a second term to Socialist rival Francois Mitterrand.

France's Giscard d'Estaing hosted a summit of world powers in 1975 with (from left to right) Aldo Moro of Italy, Harold Wilson of Britain, then US President Gerald Ford), Helmut Schmidt of Germany and Takeo Miki
France's Giscard d'Estaing hosted a summit of world powers in 1975 with (from left to right) Aldo Moro of Italy, Harold Wilson of Britain, then US President Gerald Ford), Helmut Schmidt of Germany and Takeo Miki AFP / -

"His seven-year mandate transformed France," President Emmanuel Macron said in a statement.

"The direction he set for France still guides our way."

Macron is to address the nation to pay tribute to Giscard at 1900 GMT.

Valery Giscard D'Estaing lived in Authon in central France
Valery Giscard D'Estaing lived in Authon in central France AFP / Guillaume SOUVANT

German Chancellor Angela Merkel mourned the loss of a "great European" while British Prime Minister Boris Johnson called Giscard a "hugely important figure in modernising France".

Giscard launched a radical reform drive that included legalising abortion, making it easier for couples to divorce and lowering the voting age to 18.

In Europe, he helped the push towards a monetary union in cooperation with German chancellor Helmut Schmidt, launching a European exchange rate system that was a precursor to the euro.

Profile of former French president Valery Giscard d'Estaing
Profile of former French president Valery Giscard d'Estaing AFP / Janis LATVELS

Giscard was born in the German city of Koblenz while it was under French occupation in the aftermath of World War I.

It was at his initiative that leaders of the world's richest countries first met in 1975, an event that evolved into the annual summits of the Group of Seven (G7).

Some commentators have compared Macron to the centre-right Giscard who became modern France's youngest head of state at 48, a record since broken by Macron who was 39 when taking office in 2017.

French police stand guard outside the home of former French President Valéry Giscard d'Estaing, after he died Wednesday at the age of 94.
French police stand guard outside the home of former French President Valéry Giscard d'Estaing, after he died Wednesday at the age of 94. AFPTV / Fabien DALLOT

Prime Minister Jean Castex said Giscard's social reforms remained "deeply relevant" for young people and women.

He "succeeded in modernising political life in France", added former president Nicolas Sarkozy.

Aged just 18, he joined the French Resistance and took part in the World War II liberation of Paris from its Nazi occupiers in 1944. He then served for eight months in Germany and Austria in the run-up to the capitulation of the Third Reich.

He launched his political career in 1959, becoming finance minister in 1969.

Tall and slender with an elegant manner, "VGE" preferred a more relaxed presidential style than his predecessors, and was sometimes seen playing football, or the accordion.

Giscard "dominated almost naturally with his presence, his distinction, his language, his liveliness and intuitions", said fellow centrist Francois Bayrou, a former minister and presidential candidate.

But Macron's predecessor Francois Hollande said balancing his desire to be a man of the people with his background was not always easy for Giscard.

"He hoped to appear as a simple president and close to the French. He was not always understood," said Hollande.

Giscard was ahead of his time in promoting women's rights, naming four women to his government and giving women free access to the birth control pill.

"You can't really call him a feminist, but you can call him a modernist," feminism historian Fran?oise Picq told AFP.

Earlier this year, French prosecutors investigated claims by a German reporter that he had inappropriately touched her at his Paris office after an interview in 2018. Giscard called the accusations "grotesque".

After his defeat in 1981 -- which he said left him with "frustration at a job unfinished" -- Giscard remained active in politics, as a member of the French national assembly and then of the European Parliament.

He made one of his last public appearances on September 30 last year for the funeral of another former president, Jacques Chirac. Chirac's daughter Claude told AFP that her mother Bernadette had written a letter of condolence to Giscard's widow Anne-Aymone.