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French Cabinet Is Dissolved, a Victim of Austerity Battles
Keywords:
The government of prime minister Manuel Valls collapses in August 2014 after differences between Valls and Economy minister Montebourg over austerity measures. Montebourg is openly critical of the austerity policies that lead to no growth in France and a prolonged period of stagnation. Montebourg tells Le Monde "The priority must be exiting the crisis, and the dogmatic reduction of deficits should come after. Germany is caught in a trap of austerity it is imposing across Europe." Germany's growth also slowed markedly in the 2nd quarter of 2014.
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The determination in France, as in Britain, to take austerity measures, and to cut the deficit.
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Win by Far-Right Party Rattles the French Establishment
New York Times 05/27/2014
French Cabinet Is Dissolved, a Victim of Austerity Battles
New York Times 08/25/2014
French Economy Minister, Arnaud Montebourg, Was Often Out of Step With President
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Socialist Party Wins French Elections
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Wall Street Journal 09/12/2013
German Optimism Depends On Spanish Deficits
Wall Street Journal 09/25/2013
French Cabinet Is Dissolved, a Victim of Austerity Battles
New York Times 08/25/2014
France's 2013 budget and the deficit
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The budget has higher taxes on business and the rich to meet deficit reduction goals just as the economy is stalling.
Grouped Articles
Europe to Vote on Tougher Rules for Currency
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Hollande Boosted by French Growth
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Wall Street Journal 09/12/2013
German Optimism Depends On Spanish Deficits
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France's Lagarde Forecasts Austerity
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Euro Zone Deficit Hits Target for First Time Since 2008
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The selection of Manuel Valls as the new prime minister in France after the Socialist party loses local elections in France in March 2014
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Low ratings for President Hollande and the selection of a new prime minister by Hollande to tackle the economy. The deficit is expected to rise to 4.3% exceeding the EU target of 3%, unemployment remains high at 11% in April 2014.
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France's Lagarde Forecasts Austerity
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