PARIS,Aug. 25 (Xinhua) -- French Prime Minister Manuel Valls on Monday submitted the resignation of his government to President Francois Hollande, a day after Economy Minister Arnaud Montebourg leveled his blunt criticism aganist the government's economic policies.
Hollande accepted the cabinet's resignation and instructed Valls to form a new cabinet "consistent with directions he has set himself for" the country, said the Elysee Palace in a statement.
The new cabinet will be named on Tuesday, said the statement.
Montebourg on Saturday criticised German austerity measures, saying deficit-reduction measures were crippling the euro zone's economies
He warned that France should no longer "be pushed around" by the EU's economic powerhouse.
PARIS, June 17 (Xinhua) -- Efforts of the French government to lower budget gap doomed to fail in 2014 unless it deliver on its pledge to quicken growth by 1 percent, French audit office la Cour des Comptes said Tuesday. Full story
PARIS, Aug. 8 (Xinhua) -- France's budget deficit was almost unchanged at 59.4 billion euros (79.54 billion U.S. dollars) at the end of June compared to a year earlier, the French Budget Ministry said on Friday. Full story