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Hollande dissolves his government.

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POGS Mon 25-Aug-14 14:40:30

Goodness Francois Hollande has dissolved the French parliament.

Will be very interesting won't it.

I bet Merkel is pleased, could the euro be on the slide? Portugal now France.

I haven't quite bottomed the reason but my understanding is his cabinet resigned over fiscal requirements.

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jollyg Mon 25-Aug-14 15:40:47

Glad not to be in the euro.

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nigglynellie Mon 25-Aug-14 19:06:36

You're telling me!!!!

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Mamie Mon 25-Aug-14 19:20:04

I don't think it is that exciting tbh. Hollande has asked the PM, Valls, to form a new government. This is mainly to get rid of Montebourg who wants an end to austerity, plus three or four ministers who support his views. It is more like a mega re-shuffle of the cabinet than a revolution. I think it is only about 160 days since Valls took over from the last PM.
The right of course is in utter disarray, so I expect it will all muddle along for a bit longer.
The pound has gone up a cent against the euro today.

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