France's economic woes won't end anytime soon

The French government has fallen apart for the third time in two years

Economic protest, January 2014
(Image credit: (AP Photo/Thibault Camus))

The French government collapsed yesterday when all of President Francois Hollande's ministers resigned over what The Economist called "bitter internal disagreements over economic policy." Precipitated by public comments economic minister Arnaud Montebourg made about the failure of Hollande's fiscal austerity policies, the resignations were a stunning setback for the government.

Sadly, they will ultimately be futile.

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