Currency Analyst since 2010

French government was dissolved

The French government was dissolved on Monday amid turmoil among top ministers.

It happened as from Economy Minister Arnaud Montebourg called for a major reorientation of economic policy in a country where growth has stalled and unemployment remains high. Montebourg’s comments were seen as a challenge to the authority of President Francois Hollande and Prime Minister Manuel Valls. Hollande asked Valls to form a new government, which will be announced on Tuesday.

Francois Hollande has the record low approval ratings of any French President. Valls’ popularity has also declined in recent opinion polls.

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