Hollande prioritises loyalty in new govt

By Dow Jones newswires

French President François Hollande and his Prime Minister Manuel Valls worked on composing a new cabinet Tuesday, a day after brutally evicting three insubordinate Socialist ministers who had publicly criticised the government's pro-business drive.

The open discord came to a head over the weekend after Economy Minister Arnaud Montebourg — who hails from the left wing of Mr Hollande's Socialist Party — said that budget cuts backed by the president were choking both French and broader eurozone growth.

But with growing numbers of Socialist Party heavyweights blaming Mr Hollande for the current state of economic stagnation, the French president is left scrambling to build a team that won't alienate his thinning political base.

In a letter to Mr Hollande Monday, Ms Filippetti, the culture minister, explained why she wouldn't solicit a position in the next government: "From now on, do we have to excuse ourselves for being from the left?

Read more here: Business Spectator

    

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