France’s Prime Minister Manuel Valls presented the resignation of his government to the president on Monday after a spat over “the economic direction of France”.
Francois Hollande’s office said that a new government would be formed on Tuesday in line with the direction the president of France “has defined for our country”, Reuters reported.
The resignation comes a day after the French Minister of Economy Arnaud Montebourg called for new economic policies and questioned Germany’s with budgetary policies for the EU.
The BBC said that the French Minister of Economy asked Mr. Valls to set up a new cabinet “consistent with the direction [Mr Hollande] has set for the country”.
Valls had previously “accused Mr Montebourg of ‘crossing a yellow line’ after the Economy Minister had attacked austerity measures which he said were strangling France’s growth,” the BBC added.
Last Saturday, the French Economy Minister told the leading French daily Le Monde “that Germany was trapped in an austerity policy that it imposed across Europe”.
“The French government admitted it would be impossible to reach a previous growth forecast of 1%. Germany saw its economy shrink by 0.2% between April and June,” the BBC added.
Soon after that the French Prime Minister presented his resignation papers, the French Minister of Economy told Europe 1 radio channel that he does not regret his previous statements.
He added that the sparked debate is not about “power” but rather a debate about the economic direction of France.
The Moroccan Times.
