While French finance minister Moscovici embarrassingly losing his council seat in this weekend's muni elections is bad enough, we we warned earlier, the dismal loss for Hollande has claimed its first victim. As WSJ reports [4], French Prime Minister Jean-Marc Ayrault tendered his resignation and that of his government to President Hollande.
As WSJ reports, [4]
French Prime Minister Jean-Marc Ayrault tendered his resignation and that of his government to President François Hollande on Monday, a day after the ruling Socialist Party suffered a stinging setback in the final round of nationwide local elections.
In an effort to bolster his agenda, Mr. Hollande is expected to select Manuel Valls, a Socialist heavyweight and France's popular Interior Minister, as his new premier.
Mr. Hollande is expected to confirm his choice of a new prime minister when he delivers a brief address on national television later Monday.
Perhaps, as we noted last night, socialism is not all its cracked up to be...
[5]
Perhaps Hollande should have banned Twitter and YouTube also (for the last 2 years)...