Tuesday, August 26, 2014

'France is in crisis, all politicians are powerless'

President François Hollande and his Socialist Party were embroiled in yet another political crisis on Monday.

On Monday, Hollande asked his prime minister, Manuel Valls, to form a new cabinet after two ministers publicly criticized the government's economic policy.

Hollande’s popularity is already at an all-time low, but with the appointment of Valls as Prime Minister of France, in April, he had hoped to win back some of his electors, and to re-assert his authority.

But things have clearly not gone as he had hoped. On Sunday, the soon-to-be-sacked Economy Minister Arnaud Montebourg and Education Minister Benoît Hamon questioned Hollande and Valls economic policy of trying to trim state deficits by imposing €50 billion worth of cuts.

The rebel ministers demanded a change of tack towards growth and more tax cuts for residents. Full story...

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