PARIS (Reuters) - French President Francois Hollande will make a televised statement on Monday at 8:00 pm local time (1900 BST), a source in his office told Reuters, a day after a stinging defeat for the ruling Socialist party in local elections.
Sunday's runoff in municipal elections saw 155 towns swing to the centre-right UMP party, with the far-right National Front claiming 11, dealing a major blow to the credibility of Hollande, whose popularity is already at record lows.
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