Stories for August 26th 2014

Tuesday, August 26th 2014 - 01:47 UTC
French government and opposition in disarray; Euro austerity biting

French President Francois Hollande asked his prime minister on Sunday to form a new government, looking to impose his will on the cabinet after rebel leftist ministers had called for an economic policy U-turn. The surprise move came the day after outspoken Economy Minister Arnaud Montebourg had condemned what he called fiscal “austerity” and attacked Euro zone powerhouse Germany's “obsession” with budgetary rigor.

French government and opposition in disarray; Euro austerity biting