The suicides of two elderly couples in November and the heartwrenching testimony of a politician who watched her terminally-ill mother die after taking pills have shocked and moved France, where euthanasia is illegal.
"The possibility of committing medically assisted suicide... Is, in our eyes, a legitimate right of a patient close to death or suffering from a terminal pathology, based first and foremost on their lucid consent and complete awareness", said the panel, made up of 18 citizens picked by polling firm Ifop to represent the population.
Hollande promised during his 2012 presidential campaign to look into legalising euthanasia, and has set up a series of consultations towards a potential bill, including the panel.
The "Conference of Citizens" said it was in favour of euthanasia in very specific circumstances, such as when the patient is not able to give his or her direct consent, but ruled out legalising the practice as a whole.
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The panel also called for more palliative care in France, where it said only 20 percent of people who need it have access to it.
Euthanasia goes a step further, and allows doctors themselves to administer the lethal doses of medicine. This practice, legal in the Netherlands and Belgium, is the most controversial.
A 2005 law in France already legalises passive euthanasia, where a person causes death by withholding or withdrawing treatment that is necessary to maintain life.
In February, France's medical ethics council recommended that assisted suicide be allowed in exceptional cases.
One of the couples took their lives in the luxury Le Lutetia hotel, having asphyxiated after putting plastic bags on their heads.
They had ordered room service in the morning and were found by staff, lying hand in hand, with a typewritten note claiming "the right to die with dignity.